Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 27, 2025

Draw Date	Jackpot	Cash Option
Fri Jun 27, 2025	$348,000,000	$155,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$155,500,000
Federal Tax(24%)	$37,320,000
Additional Federal Tax	$20,175,330
State Tax(4.5%)	$6,997,500
Net Lumpsum Payment	$91,007,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,237,748	-$1,898,297 -$235,699	$3,103,752
2	$5,499,792	-$1,995,253 -$247,491	$3,257,048
3	$5,774,712	-$2,096,974 -$259,862	$3,417,876
4	$6,063,552	-$2,203,845 -$272,860	$3,586,847
5	$6,366,660	-$2,315,995 -$286,500	$3,764,165
6	$6,685,080	-$2,433,810 -$300,829	$3,950,441
7	$7,019,160	-$2,557,420 -$315,862	$4,145,878
8	$7,370,292	-$2,687,338 -$331,663	$4,351,291
9	$7,738,824	-$2,823,695 -$348,247	$4,566,882
10	$8,125,800	-$2,966,876 -$365,661	$4,793,263
11	$8,531,916	-$3,117,139 -$383,936	$5,030,841
12	$8,958,564	-$3,274,999 -$403,135	$5,280,430
13	$9,406,440	-$3,440,713 -$423,290	$5,542,437
14	$9,876,936	-$3,614,797 -$444,462	$5,817,677
15	$10,370,748	-$3,797,507 -$466,684	$6,106,557
16	$10,889,268	-$3,989,360 -$490,017	$6,409,891
17	$11,433,540	-$4,190,740 -$514,509	$6,728,291
18	$12,005,304	-$4,402,293 -$540,239	$7,062,772
19	$12,605,604	-$4,624,404 -$567,252	$7,413,948
20	$13,235,832	-$4,857,588 -$595,612	$7,782,632
21	$13,897,728	-$5,102,490 -$625,398	$8,169,840
22	$14,592,684	-$5,359,623 -$656,671	$8,576,390
23	$15,322,092	-$5,629,504 -$689,494	$9,003,094
24	$16,088,388	-$5,913,034 -$723,977	$9,451,377
25	$16,892,616	-$6,210,598 -$760,168	$9,921,850
26	$17,737,560	-$6,523,228 -$798,190	$10,416,142
27	$18,624,264	-$6,851,308 -$838,092	$10,934,864
28	$19,555,512	-$7,195,870 -$879,998	$11,479,644
29	$20,533,392	-$7,557,685 -$924,003	$12,051,704
30	$21,559,992	-$7,937,527 -$970,200	$12,652,265