Kansas Lottery

KSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(5%)	$3,395,000
Net Lumpsum Payment	$39,421,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$112,883	$1,349,106
2	$2,370,600	-$837,452 -$118,530	$1,414,618
3	$2,489,100	-$881,297 -$124,455	$1,483,348
4	$2,613,600	-$927,362 -$130,680	$1,555,558
5	$2,744,250	-$975,703 -$137,213	$1,631,334
6	$2,881,500	-$1,026,485 -$144,075	$1,710,940
7	$3,025,500	-$1,079,765 -$151,275	$1,794,460
8	$3,176,850	-$1,135,765 -$158,843	$1,882,242
9	$3,335,700	-$1,194,539 -$166,785	$1,974,376
10	$3,502,500	-$1,256,255 -$175,125	$2,071,120
11	$3,677,550	-$1,321,024 -$183,878	$2,172,648
12	$3,861,450	-$1,389,067 -$193,073	$2,279,310
13	$4,054,500	-$1,460,495 -$202,725	$2,391,280
14	$4,257,300	-$1,535,531 -$212,865	$2,508,904
15	$4,470,150	-$1,614,286 -$223,508	$2,632,356
16	$4,693,650	-$1,696,981 -$234,683	$2,761,986
17	$4,928,250	-$1,783,783 -$246,413	$2,898,054
18	$5,174,700	-$1,874,969 -$258,735	$3,040,996
19	$5,433,450	-$1,970,707 -$271,673	$3,191,070
20	$5,705,100	-$2,071,217 -$285,255	$3,348,628
21	$5,990,400	-$2,176,778 -$299,520	$3,514,102
22	$6,289,950	-$2,287,612 -$314,498	$3,687,840
23	$6,604,350	-$2,403,940 -$330,218	$3,870,192
24	$6,934,650	-$2,526,151 -$346,733	$4,061,766
25	$7,281,300	-$2,654,411 -$364,065	$4,262,824
26	$7,645,500	-$2,789,165 -$382,275	$4,474,060
27	$8,027,700	-$2,930,579 -$401,385	$4,695,736
28	$8,429,100	-$3,079,097 -$421,455	$4,928,548
29	$8,850,600	-$3,235,052 -$442,530	$5,173,018
30	$9,293,100	-$3,398,777 -$464,655	$5,429,668