Jackpot Analysis Kansas Mega Millions

Jackpot Analysis for Kansas Mega Millions
The jackpot for the MEGA Millions draw on Tue Nov 5, 2024, is projected to be $303 Million, with an option for a cash payout of $141.8 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 Nov 5, 2024
Draw DateTue Nov 5, 2024
Projected Jackpot$303,000,000
Cash Value$141,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$141,800,000
Federal Tax(24%)$34,032,000
Additional Federal Tax$18,394,330
State Tax(5%)$7,090,000
Net Lumpsum Payment$82,283,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,560,453 $1,647,698
$228,023
$2,684,732
2 $4,788,612 $1,732,117
$239,431
$2,817,064
3 $5,027,982 $1,820,684
$251,399
$2,955,899
4 $5,279,472 $1,913,735
$263,974
$3,101,763
5 $5,543,385 $2,011,383
$277,169
$3,254,833
6 $5,820,630 $2,113,963
$291,032
$3,415,635
7 $6,111,510 $2,221,589
$305,576
$3,584,345
8 $6,417,237 $2,334,708
$320,862
$3,761,667
9 $6,738,114 $2,453,433
$336,906
$3,947,775
10 $7,075,050 $2,578,099
$353,753
$4,143,198
11 $7,428,651 $2,708,931
$371,433
$4,348,287
12 $7,800,129 $2,846,378
$390,006
$4,563,745
13 $8,190,090 $2,990,664
$409,505
$4,789,921
14 $8,599,746 $3,142,236
$429,987
$5,027,523
15 $9,029,703 $3,301,320
$451,485
$5,276,898
16 $9,481,173 $3,468,364
$474,059
$5,538,750
17 $9,955,065 $3,643,704
$497,753
$5,813,608
18 $10,452,894 $3,827,901
$522,645
$6,102,348
19 $10,975,569 $4,021,291
$548,778
$6,405,500
20 $11,524,302 $4,224,322
$576,215
$6,723,765
21 $12,100,608 $4,437,555
$605,030
$7,058,023
22 $12,705,699 $4,661,439
$635,285
$7,408,975
23 $13,340,787 $4,896,422
$667,039
$7,777,326
24 $14,007,993 $5,143,288
$700,400
$8,164,305
25 $14,708,226 $5,402,374
$735,411
$8,570,441
26 $15,443,910 $5,674,577
$772,196
$8,997,137
27 $16,215,954 $5,960,233
$810,798
$9,444,923
28 $17,026,782 $6,260,240
$851,339
$9,915,203
29 $17,878,212 $6,575,269
$893,911
$10,409,032
30 $18,772,062 $6,905,993
$938,603
$10,927,466