Kansas Lottery

KSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 29, 2025 is estimated to be $277 Million, with a cash option of 124.6 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 Fri Aug 29, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 29, 2025	$277,000,000	$124,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$124,600,000
Federal Tax(24%)	$29,904,000
Additional Federal Tax	$16,158,330
State Tax(5%)	$6,230,000
Net Lumpsum Payment	$72,307,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,169,127	-$1,502,907 -$208,456	$2,457,764
2	$4,377,708	-$1,580,082 -$218,885	$2,578,741
3	$4,596,538	-$1,661,049 -$229,827	$2,705,662
4	$4,826,448	-$1,746,116 -$241,322	$2,839,010
5	$5,067,715	-$1,835,385 -$253,386	$2,978,944
6	$5,321,170	-$1,929,163 -$266,059	$3,125,948
7	$5,587,090	-$2,027,554 -$279,355	$3,280,181
8	$5,866,583	-$2,130,966 -$293,329	$3,442,288
9	$6,159,926	-$2,239,503 -$307,996	$3,612,427
10	$6,467,950	-$2,353,472 -$323,398	$3,791,080
11	$6,791,209	-$2,473,078 -$339,560	$3,978,571
12	$7,130,811	-$2,598,730 -$356,541	$4,175,540
13	$7,487,310	-$2,730,635 -$374,366	$4,382,309
14	$7,861,814	-$2,869,202 -$393,091	$4,599,521
15	$8,254,877	-$3,014,635 -$412,744	$4,827,498
16	$8,667,607	-$3,167,345 -$433,380	$5,066,882
17	$9,100,835	-$3,327,639 -$455,042	$5,318,154
18	$9,555,946	-$3,496,030 -$477,797	$5,582,119
19	$10,033,771	-$3,672,826 -$501,689	$5,859,256
20	$10,535,418	-$3,858,435 -$526,771	$6,150,212
21	$11,062,272	-$4,053,371 -$553,114	$6,455,787
22	$11,615,441	-$4,258,044 -$580,772	$6,776,625
23	$12,196,033	-$4,472,863 -$609,802	$7,113,368
24	$12,805,987	-$4,698,546 -$640,299	$7,467,142
25	$13,446,134	-$4,935,400 -$672,307	$7,838,427
26	$14,118,690	-$5,184,246 -$705,935	$8,228,509
27	$14,824,486	-$5,445,390 -$741,224	$8,637,872
28	$15,565,738	-$5,719,653 -$778,287	$9,067,798
29	$16,344,108	-$6,007,650 -$817,205	$9,519,253
30	$17,161,258	-$6,309,996 -$858,063	$9,993,199