Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 8, 2025 is estimated to be $166 Million, with a cash option of 75.2 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Kentucky, your state will take 4.5% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kentucky MEGA Millions Jackpot/Cash Option for Fri Aug 8, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 8, 2025	$166,000,000	$75,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,200,000
Federal Tax(24%)	$18,048,000
Additional Federal Tax	$9,736,330
State Tax(4.5%)	$3,384,000
Net Lumpsum Payment	$44,031,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,498,466	-$884,763 -$112,431	$1,501,272
2	$2,623,464	-$931,012 -$118,056	$1,574,396
3	$2,754,604	-$979,534 -$123,957	$1,651,113
4	$2,892,384	-$1,030,512 -$130,157	$1,731,715
5	$3,036,970	-$1,084,009 -$136,664	$1,816,297
6	$3,188,860	-$1,140,209 -$143,499	$1,905,152
7	$3,348,220	-$1,199,172 -$150,670	$1,998,378
8	$3,515,714	-$1,261,145 -$158,207	$2,096,362
9	$3,691,508	-$1,326,188 -$166,118	$2,199,202
10	$3,876,100	-$1,394,487 -$174,425	$2,307,188
11	$4,069,822	-$1,466,165 -$183,142	$2,420,515
12	$4,273,338	-$1,541,465 -$192,300	$2,539,573
13	$4,486,980	-$1,620,513 -$201,914	$2,664,553
14	$4,711,412	-$1,703,553 -$212,014	$2,795,845
15	$4,946,966	-$1,790,708 -$222,613	$2,933,645
16	$5,194,306	-$1,882,224 -$233,744	$3,078,338
17	$5,453,930	-$1,978,284 -$245,427	$3,230,219
18	$5,726,668	-$2,079,198 -$257,700	$3,389,770
19	$6,013,018	-$2,185,147 -$270,586	$3,557,285
20	$6,313,644	-$2,296,379 -$284,114	$3,733,151
21	$6,629,376	-$2,413,200 -$298,322	$3,917,854
22	$6,960,878	-$2,535,855 -$313,240	$4,111,783
23	$7,308,814	-$2,664,592 -$328,897	$4,315,325
24	$7,674,346	-$2,799,838 -$345,346	$4,529,162
25	$8,057,972	-$2,941,780 -$362,609	$4,753,583
26	$8,461,020	-$3,090,908 -$380,746	$4,989,366
27	$8,883,988	-$3,247,406 -$399,779	$5,236,803
28	$9,328,204	-$3,411,766 -$419,769	$5,496,669
29	$9,794,664	-$3,584,356 -$440,760	$5,769,548
30	$10,284,364	-$3,765,545 -$462,796	$6,056,023