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Kentucky Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $451,000,000 for a ticket purchased in Kentucky, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Kentucky

Drawing Date:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 4.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$305,469$4,008,140
2$7,127,607$2,600,170$320,742$4,206,695
3$7,483,987$2,732,030$336,779$4,415,178
4$7,858,187$2,870,484$353,618$4,634,084
5$8,251,096$3,015,861$371,299$4,863,936
6$8,663,651$3,168,506$389,864$5,105,281
7$9,096,834$3,328,783$409,358$5,358,693
8$9,551,675$3,497,075$429,825$5,624,775
9$10,029,259$3,673,781$451,317$5,904,162
10$10,530,722$3,859,322$473,882$6,197,517
11$11,057,258$4,054,140$497,577$6,505,541
12$11,610,121$4,258,700$522,455$6,828,966
13$12,190,627$4,473,487$548,578$7,168,562
14$12,800,158$4,699,014$576,007$7,525,138
15$13,440,166$4,935,816$604,807$7,899,542
16$14,112,175$5,184,460$635,048$8,292,667
17$14,817,783$5,445,535$666,800$8,705,448
18$15,558,672$5,719,664$700,140$9,138,868
19$16,336,606$6,007,499$735,147$9,593,959
20$17,153,436$6,309,726$771,905$10,071,805
21$18,011,108$6,627,065$810,500$10,573,543
22$18,911,663$6,960,270$851,025$11,100,368
23$19,857,247$7,310,136$893,576$11,653,534
24$20,850,109$7,677,495$938,255$12,234,359
25$21,892,614$8,063,222$985,168$12,844,224
26$22,987,245$8,468,236$1,034,426$13,484,584
27$24,136,608$8,893,500$1,086,147$14,156,960
28$25,343,438$9,340,027$1,140,455$14,862,956
29$26,610,610$9,808,881$1,197,477$15,604,252
30$27,941,140$10,301,177$1,257,351$16,382,612
Total$451,000,001$165,758,650$20,294,997$264,946,349

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.