Kansas Lottery

KSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 6, 2025 is estimated to be $90 Million, with a cash option of 40.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Kansas, your state will take 5% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kansas MEGA Millions Jackpot/Cash Option for Tue May 6, 2025

Draw Date	Jackpot	Cash Option
Tue May 6, 2025	$90,000,000	$40,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,800,000
Federal Tax(24%)	$9,792,000
Additional Federal Tax	$5,264,330
State Tax(5%)	$2,040,000
Net Lumpsum Payment	$23,703,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$67,730	$825,331
2	$1,422,360	-$486,604 -$71,118	$864,638
3	$1,493,460	-$512,911 -$74,673	$905,876
4	$1,568,160	-$540,550 -$78,408	$949,202
5	$1,646,550	-$569,554 -$82,328	$994,668
6	$1,728,900	-$600,023 -$86,445	$1,042,432
7	$1,815,300	-$631,991 -$90,765	$1,092,544
8	$1,906,110	-$665,591 -$95,306	$1,145,213
9	$2,001,420	-$700,856 -$100,071	$1,200,493
10	$2,101,500	-$737,885 -$105,075	$1,258,540
11	$2,206,530	-$776,746 -$110,327	$1,319,457
12	$2,316,870	-$817,572 -$115,844	$1,383,454
13	$2,432,700	-$860,429 -$121,635	$1,450,636
14	$2,554,380	-$905,451 -$127,719	$1,521,210
15	$2,682,090	-$952,704 -$134,105	$1,595,281
16	$2,816,190	-$1,002,321 -$140,810	$1,673,059
17	$2,956,950	-$1,054,402 -$147,848	$1,754,700
18	$3,104,820	-$1,109,114 -$155,241	$1,840,465
19	$3,260,070	-$1,166,556 -$163,004	$1,930,510
20	$3,423,060	-$1,226,863 -$171,153	$2,025,044
21	$3,594,240	-$1,290,199 -$179,712	$2,124,329
22	$3,773,970	-$1,356,699 -$188,699	$2,228,572
23	$3,962,610	-$1,426,496 -$198,131	$2,337,983
24	$4,160,790	-$1,499,823 -$208,040	$2,452,927
25	$4,368,780	-$1,576,779 -$218,439	$2,573,562
26	$4,587,300	-$1,657,631 -$229,365	$2,700,304
27	$4,816,620	-$1,742,480 -$240,831	$2,833,309
28	$5,057,460	-$1,831,591 -$252,873	$2,972,996
29	$5,310,360	-$1,925,164 -$265,518	$3,119,678
30	$5,575,860	-$2,023,399 -$278,793	$3,273,668