Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Tue Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(4.5%)	$12,474,000
Net Lumpsum Payment	$162,201,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$406,377	$5,322,571
2	$9,482,400	-$3,468,818 -$426,708	$5,586,874
3	$9,956,400	-$3,644,198 -$448,038	$5,864,164
4	$10,454,400	-$3,828,458 -$470,448	$6,155,494
5	$10,977,000	-$4,021,820 -$493,965	$6,461,215
6	$11,526,000	-$4,224,950 -$518,670	$6,782,380
7	$12,102,000	-$4,438,070 -$544,590	$7,119,340
8	$12,707,400	-$4,662,068 -$571,833	$7,473,499
9	$13,342,800	-$4,897,166 -$600,426	$7,845,208
10	$14,010,000	-$5,144,030 -$630,450	$8,235,520
11	$14,710,200	-$5,403,104 -$661,959	$8,645,137
12	$15,445,800	-$5,675,276 -$695,061	$9,075,463
13	$16,218,000	-$5,960,990 -$729,810	$9,527,200
14	$17,029,200	-$6,261,134 -$766,314	$10,001,752
15	$17,880,600	-$6,576,152 -$804,627	$10,499,821
16	$18,774,600	-$6,906,932 -$844,857	$11,022,811
17	$19,713,000	-$7,254,140 -$887,085	$11,571,775
18	$20,698,800	-$7,618,886 -$931,446	$12,148,468
19	$21,733,800	-$8,001,836 -$978,021	$12,753,943
20	$22,820,400	-$8,403,878 -$1,026,918	$13,389,604
21	$23,961,600	-$8,826,122 -$1,078,272	$14,057,206
22	$25,159,800	-$9,269,456 -$1,132,191	$14,758,153
23	$26,417,400	-$9,734,768 -$1,188,783	$15,493,849
24	$27,738,600	-$10,223,612 -$1,248,237	$16,266,751
25	$29,125,200	-$10,736,654 -$1,310,634	$17,077,912
26	$30,582,000	-$11,275,670 -$1,376,190	$17,930,140
27	$32,110,800	-$11,841,326 -$1,444,986	$18,824,488
28	$33,716,400	-$12,435,398 -$1,517,238	$19,763,764
29	$35,402,400	-$13,059,218 -$1,593,108	$20,750,074
30	$37,172,400	-$13,714,118 -$1,672,758	$21,785,524