The jackpot for the MEGA Millions draw on Fri May 9, 2025, is projected to be $100 Million, with an option for a cash payout of $45.3 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 Fri May 9, 2025 |
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Draw Date | Fri May 9, 2025 | Projected Jackpot | $100,000,000 | Cash Value | $45,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $45,300,000 | Federal Tax(24%) | $10,872,000 | Additional Federal Tax | $5,849,330 | State Tax(5%) | $2,265,000 | Net Lumpsum Payment | $26,313,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,505,100 |
$517,217 $75,255 |
$912,628 |
2 |
$1,580,400 |
$545,078 $79,020 |
$956,302 |
3 |
$1,659,400 |
$574,308 $82,970 |
$1,002,122 |
4 |
$1,742,400 |
$605,018 $87,120 |
$1,050,262 |
5 |
$1,829,500 |
$637,245 $91,475 |
$1,100,780 |
6 |
$1,921,000 |
$671,100 $96,050 |
$1,153,850 |
7 |
$2,017,000 |
$706,620 $100,850 |
$1,209,530 |
8 |
$2,117,900 |
$743,953 $105,895 |
$1,268,052 |
9 |
$2,223,800 |
$783,136 $111,190 |
$1,329,474 |
10 |
$2,335,000 |
$824,280 $116,750 |
$1,393,970 |
11 |
$2,451,700 |
$867,459 $122,585 |
$1,461,656 |
12 |
$2,574,300 |
$912,821 $128,715 |
$1,532,764 |
13 |
$2,703,000 |
$960,440 $135,150 |
$1,607,410 |
14 |
$2,838,200 |
$1,010,464 $141,910 |
$1,685,826 |
15 |
$2,980,100 |
$1,062,967 $149,005 |
$1,768,128 |
16 |
$3,129,100 |
$1,118,097 $156,455 |
$1,854,548 |
17 |
$3,285,500 |
$1,175,965 $164,275 |
$1,945,260 |
18 |
$3,449,800 |
$1,236,756 $172,490 |
$2,040,554 |
19 |
$3,622,300 |
$1,300,581 $181,115 |
$2,140,604 |
20 |
$3,803,400 |
$1,367,588 $190,170 |
$2,245,642 |
21 |
$3,993,600 |
$1,437,962 $199,680 |
$2,355,958 |
22 |
$4,193,300 |
$1,511,851 $209,665 |
$2,471,784 |
23 |
$4,402,900 |
$1,589,403 $220,145 |
$2,593,352 |
24 |
$4,623,100 |
$1,670,877 $231,155 |
$2,721,068 |
25 |
$4,854,200 |
$1,756,384 $242,710 |
$2,855,106 |
26 |
$5,097,000 |
$1,846,220 $254,850 |
$2,995,930 |
27 |
$5,351,800 |
$1,940,496 $267,590 |
$3,143,714 |
28 |
$5,619,400 |
$2,039,508 $280,970 |
$3,298,922 |
29 |
$5,900,400 |
$2,143,478 $295,020 |
$3,461,902 |
30 |
$6,195,400 |
$2,252,628 $309,770 |
$3,633,002 |
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