The jackpot for the MEGA Millions draw on Fri Jun 6, 2025, is projected to be $223 Million, with an option for a cash payout of $99.4 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 Jun 6, 2025 |
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Draw Date | Fri Jun 6, 2025 | Projected Jackpot | $223,000,000 | Cash Value | $99,400,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $99,400,000 | Federal Tax(24%) | $23,856,000 | Additional Federal Tax | $12,882,330 | State Tax(5%) | $4,970,000 | Net Lumpsum Payment | $57,691,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,356,373 |
$1,202,188 $167,819 |
$1,986,366 |
2 |
$3,524,292 |
$1,264,318 $176,215 |
$2,083,759 |
3 |
$3,700,462 |
$1,329,501 $185,023 |
$2,185,938 |
4 |
$3,885,552 |
$1,397,985 $194,278 |
$2,293,289 |
5 |
$4,079,785 |
$1,469,851 $203,989 |
$2,405,945 |
6 |
$4,283,830 |
$1,545,347 $214,192 |
$2,524,291 |
7 |
$4,497,910 |
$1,624,557 $224,896 |
$2,648,457 |
8 |
$4,722,917 |
$1,707,810 $236,146 |
$2,778,961 |
9 |
$4,959,074 |
$1,795,188 $247,954 |
$2,915,932 |
10 |
$5,207,050 |
$1,886,939 $260,353 |
$3,059,758 |
11 |
$5,467,291 |
$1,983,228 $273,365 |
$3,210,698 |
12 |
$5,740,689 |
$2,084,385 $287,034 |
$3,369,270 |
13 |
$6,027,690 |
$2,190,576 $301,385 |
$3,535,729 |
14 |
$6,329,186 |
$2,302,129 $316,459 |
$3,710,598 |
15 |
$6,645,623 |
$2,419,211 $332,281 |
$3,894,131 |
16 |
$6,977,893 |
$2,542,151 $348,895 |
$4,086,847 |
17 |
$7,326,665 |
$2,671,196 $366,333 |
$4,289,136 |
18 |
$7,693,054 |
$2,806,760 $384,653 |
$4,501,641 |
19 |
$8,077,729 |
$2,949,090 $403,886 |
$4,724,753 |
20 |
$8,481,582 |
$3,098,516 $424,079 |
$4,958,987 |
21 |
$8,905,728 |
$3,255,450 $445,286 |
$5,204,992 |
22 |
$9,351,059 |
$3,420,222 $467,553 |
$5,463,284 |
23 |
$9,818,467 |
$3,593,163 $490,923 |
$5,734,381 |
24 |
$10,309,513 |
$3,774,850 $515,476 |
$6,019,187 |
25 |
$10,824,866 |
$3,965,531 $541,243 |
$6,318,092 |
26 |
$11,366,310 |
$4,165,865 $568,316 |
$6,632,129 |
27 |
$11,934,514 |
$4,376,101 $596,726 |
$6,961,687 |
28 |
$12,531,262 |
$4,596,897 $626,563 |
$7,307,802 |
29 |
$13,157,892 |
$4,828,750 $657,895 |
$7,671,247 |
30 |
$13,815,742 |
$5,072,155 $690,787 |
$8,052,800 |
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