The jackpot for the MEGA Millions draw on Fri Apr 25, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Fri Apr 25, 2025 |
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Draw Date | Fri Apr 25, 2025 | Projected Jackpot | $60,000,000 | Cash Value | $26,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $26,900,000 | Federal Tax(24%) | $6,456,000 | Additional Federal Tax | $3,457,330 | State Tax(5%) | $1,345,000 | Net Lumpsum Payment | $15,641,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$903,060 |
$294,463 $45,153 |
$563,444 |
2 |
$948,240 |
$311,179 $47,412 |
$589,649 |
3 |
$995,640 |
$328,717 $49,782 |
$617,141 |
4 |
$1,045,440 |
$347,143 $52,272 |
$646,025 |
5 |
$1,097,700 |
$366,479 $54,885 |
$676,336 |
6 |
$1,152,600 |
$386,792 $57,630 |
$708,178 |
7 |
$1,210,200 |
$408,104 $60,510 |
$741,586 |
8 |
$1,270,740 |
$430,504 $63,537 |
$776,699 |
9 |
$1,334,280 |
$454,014 $66,714 |
$813,552 |
10 |
$1,401,000 |
$478,700 $70,050 |
$852,250 |
11 |
$1,471,020 |
$504,608 $73,551 |
$892,861 |
12 |
$1,544,580 |
$531,825 $77,229 |
$935,526 |
13 |
$1,621,800 |
$560,396 $81,090 |
$980,314 |
14 |
$1,702,920 |
$590,411 $85,146 |
$1,027,363 |
15 |
$1,788,060 |
$621,913 $89,403 |
$1,076,744 |
16 |
$1,877,460 |
$654,991 $93,873 |
$1,128,596 |
17 |
$1,971,300 |
$689,711 $98,565 |
$1,183,024 |
18 |
$2,069,880 |
$726,186 $103,494 |
$1,240,200 |
19 |
$2,173,380 |
$764,481 $108,669 |
$1,300,230 |
20 |
$2,282,040 |
$804,685 $114,102 |
$1,363,253 |
21 |
$2,396,160 |
$846,910 $119,808 |
$1,429,442 |
22 |
$2,515,980 |
$891,243 $125,799 |
$1,498,938 |
23 |
$2,641,740 |
$937,774 $132,087 |
$1,571,879 |
24 |
$2,773,860 |
$986,659 $138,693 |
$1,648,508 |
25 |
$2,912,520 |
$1,037,963 $145,626 |
$1,728,931 |
26 |
$3,058,200 |
$1,091,864 $152,910 |
$1,813,426 |
27 |
$3,211,080 |
$1,148,430 $160,554 |
$1,902,096 |
28 |
$3,371,640 |
$1,207,837 $168,582 |
$1,995,221 |
29 |
$3,540,240 |
$1,270,219 $177,012 |
$2,093,009 |
30 |
$3,717,240 |
$1,335,709 $185,862 |
$2,195,669 |
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