Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 27, 2026 is estimated to be $458 Million, with a cash option of 212.4 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 Feb 27, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 27, 2026	$458,000,000	$212,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,400,000
Federal Tax(24%)	$50,976,000
Additional Federal Tax	$27,572,330
State Tax(4.5%)	$9,558,000
Net Lumpsum Payment	$124,293,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,893,358	-$2,510,873 -$310,201	$4,072,284
2	$7,238,232	-$2,638,476 -$325,720	$4,274,036
3	$7,600,052	-$2,772,350 -$342,002	$4,485,700
4	$7,980,192	-$2,913,001 -$359,109	$4,708,082
5	$8,379,110	-$3,060,601 -$377,060	$4,941,449
6	$8,798,180	-$3,215,657 -$395,918	$5,186,605
7	$9,237,860	-$3,378,339 -$415,704	$5,443,817
8	$9,699,982	-$3,549,324 -$436,499	$5,714,159
9	$10,185,004	-$3,728,782 -$458,325	$5,997,897
10	$10,694,300	-$3,917,221 -$481,244	$6,295,835
11	$11,228,786	-$4,114,981 -$505,295	$6,608,510
12	$11,790,294	-$4,322,739 -$530,563	$6,936,992
13	$12,379,740	-$4,540,834 -$557,088	$7,281,818
14	$12,998,956	-$4,769,944 -$584,953	$7,644,059
15	$13,648,858	-$5,010,408 -$614,199	$8,024,251
16	$14,331,278	-$5,262,903 -$644,908	$8,423,467
17	$15,047,590	-$5,527,939 -$677,142	$8,842,509
18	$15,800,084	-$5,806,361 -$711,004	$9,282,719
19	$16,590,134	-$6,098,680 -$746,556	$9,744,898
20	$17,419,572	-$6,405,572 -$783,881	$10,230,119
21	$18,290,688	-$6,727,885 -$823,081	$10,739,722
22	$19,205,314	-$7,066,297 -$864,239	$11,274,778
23	$20,165,282	-$7,421,485 -$907,438	$11,836,359
24	$21,173,798	-$7,794,636 -$952,821	$12,426,341
25	$22,232,236	-$8,186,258 -$1,000,451	$13,045,527
26	$23,344,260	-$8,597,707 -$1,050,492	$13,696,061
27	$24,511,244	-$9,029,491 -$1,103,006	$14,378,747
28	$25,736,852	-$9,482,966 -$1,158,158	$15,095,728
29	$27,023,832	-$9,959,148 -$1,216,072	$15,848,612
30	$28,374,932	-$10,459,055 -$1,276,872	$16,639,005