Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 6, 2025 is estimated to be $223 Million, with a cash option of 99.4 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 Jun 6, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 6, 2025	$223,000,000	$99,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,400,000
Federal Tax(24%)	$23,856,000
Additional Federal Tax	$12,882,330
State Tax(4.5%)	$4,473,000
Net Lumpsum Payment	$58,188,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$151,037	$2,003,148
2	$3,524,292	-$1,264,318 -$158,593	$2,101,381
3	$3,700,462	-$1,329,501 -$166,521	$2,204,440
4	$3,885,552	-$1,397,985 -$174,850	$2,312,717
5	$4,079,785	-$1,469,851 -$183,590	$2,426,344
6	$4,283,830	-$1,545,347 -$192,772	$2,545,711
7	$4,497,910	-$1,624,557 -$202,406	$2,670,947
8	$4,722,917	-$1,707,810 -$212,531	$2,802,576
9	$4,959,074	-$1,795,188 -$223,158	$2,940,728
10	$5,207,050	-$1,886,939 -$234,317	$3,085,794
11	$5,467,291	-$1,983,228 -$246,028	$3,238,035
12	$5,740,689	-$2,084,385 -$258,331	$3,397,973
13	$6,027,690	-$2,190,576 -$271,246	$3,565,868
14	$6,329,186	-$2,302,129 -$284,813	$3,742,244
15	$6,645,623	-$2,419,211 -$299,053	$3,927,359
16	$6,977,893	-$2,542,151 -$314,005	$4,121,737
17	$7,326,665	-$2,671,196 -$329,700	$4,325,769
18	$7,693,054	-$2,806,760 -$346,187	$4,540,107
19	$8,077,729	-$2,949,090 -$363,498	$4,765,141
20	$8,481,582	-$3,098,516 -$381,671	$5,001,395
21	$8,905,728	-$3,255,450 -$400,758	$5,249,520
22	$9,351,059	-$3,420,222 -$420,798	$5,510,039
23	$9,818,467	-$3,593,163 -$441,831	$5,783,473
24	$10,309,513	-$3,774,850 -$463,928	$6,070,735
25	$10,824,866	-$3,965,531 -$487,119	$6,372,216
26	$11,366,310	-$4,165,865 -$511,484	$6,688,961
27	$11,934,514	-$4,376,101 -$537,053	$7,021,360
28	$12,531,262	-$4,596,897 -$563,907	$7,370,458
29	$13,157,892	-$4,828,750 -$592,105	$7,737,037
30	$13,815,742	-$5,072,155 -$621,708	$8,121,879