The jackpot for the MEGA Millions draw on Tue May 12, 2026, is projected to be $232 Million, with an option for a cash payout of $103.8 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Kansas residents, the state will deduct 5% from your lottery earnings.
| Kansas MEGA Millions Jackpot/Cash Option for Tue May 12, 2026 |
|---|
| Draw Date | Tue May 12, 2026 | | Projected Jackpot | $232,000,000 | | Cash Value | $103,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,800,000 | | Federal Tax(24%) | $24,912,000 | | Additional Federal Tax | $13,454,330 | | State Tax(5%) | $5,190,000 | | Net Lumpsum Payment | $60,243,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,491,832 |
$1,252,308
$174,592 |
$2,064,932 |
| 2 |
$3,666,528 |
$1,316,946
$183,326 |
$2,166,256 |
| 3 |
$3,849,808 |
$1,384,759
$192,490 |
$2,272,559 |
| 4 |
$4,042,368 |
$1,456,007
$202,118 |
$2,384,243 |
| 5 |
$4,244,440 |
$1,530,773
$212,222 |
$2,501,445 |
| 6 |
$4,456,720 |
$1,609,317
$222,836 |
$2,624,567 |
| 7 |
$4,679,440 |
$1,691,723
$233,972 |
$2,753,745 |
| 8 |
$4,913,528 |
$1,778,336
$245,676 |
$2,889,516 |
| 9 |
$5,159,216 |
$1,869,240
$257,961 |
$3,032,015 |
| 10 |
$5,417,200 |
$1,964,694
$270,860 |
$3,181,646 |
| 11 |
$5,687,944 |
$2,064,870
$284,397 |
$3,338,677 |
| 12 |
$5,972,376 |
$2,170,110
$298,619 |
$3,503,647 |
| 13 |
$6,270,960 |
$2,280,586
$313,548 |
$3,676,826 |
| 14 |
$6,584,624 |
$2,396,641
$329,231 |
$3,858,752 |
| 15 |
$6,913,832 |
$2,518,448
$345,692 |
$4,049,692 |
| 16 |
$7,259,512 |
$2,646,350
$362,976 |
$4,250,186 |
| 17 |
$7,622,360 |
$2,780,604
$381,118 |
$4,460,638 |
| 18 |
$8,003,536 |
$2,921,639
$400,177 |
$4,681,720 |
| 19 |
$8,403,736 |
$3,069,713
$420,187 |
$4,913,836 |
| 20 |
$8,823,888 |
$3,225,169
$441,194 |
$5,157,525 |
| 21 |
$9,265,152 |
$3,388,437
$463,258 |
$5,413,457 |
| 22 |
$9,728,456 |
$3,559,859
$486,423 |
$5,682,174 |
| 23 |
$10,214,728 |
$3,739,780
$510,736 |
$5,964,212 |
| 24 |
$10,725,592 |
$3,928,799
$536,280 |
$6,260,513 |
| 25 |
$11,261,744 |
$4,127,176
$563,087 |
$6,571,481 |
| 26 |
$11,825,040 |
$4,335,595
$591,252 |
$6,898,193 |
| 27 |
$12,416,176 |
$4,554,316
$620,809 |
$7,241,051 |
| 28 |
$13,037,008 |
$4,784,023
$651,850 |
$7,601,135 |
| 29 |
$13,688,928 |
$5,025,234
$684,446 |
$7,979,248 |
| 30 |
$14,373,328 |
$5,278,462
$718,666 |
$8,376,200 |
|
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