The jackpot for the MEGA Millions draw on Tue Jul 15, 2025, is projected to be $90 Million, with an option for a cash payout of $39.9 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 Jul 15, 2025 |
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Draw Date | Tue Jul 15, 2025 | Projected Jackpot | $90,000,000 | Cash Value | $39,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $39,900,000 | Federal Tax(24%) | $9,576,000 | Additional Federal Tax | $5,147,330 | State Tax(5%) | $1,995,000 | Net Lumpsum Payment | $23,181,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
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 |
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