Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(4.5%)	$4,333,500
Net Lumpsum Payment	$56,375,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$153,746	$2,038,367
2	$3,587,508	-$1,287,708 -$161,438	$2,138,362
3	$3,766,838	-$1,354,060 -$169,508	$2,243,270
4	$3,955,248	-$1,423,772 -$177,986	$2,353,490
5	$4,152,965	-$1,496,927 -$186,883	$2,469,155
6	$4,360,670	-$1,573,778 -$196,230	$2,590,662
7	$4,578,590	-$1,654,409 -$206,037	$2,718,144
8	$4,807,633	-$1,739,155 -$216,343	$2,852,135
9	$5,048,026	-$1,828,100 -$227,161	$2,992,765
10	$5,300,450	-$1,921,497 -$238,520	$3,140,433
11	$5,565,359	-$2,019,513 -$250,441	$3,295,405
12	$5,843,661	-$2,122,485 -$262,965	$3,458,211
13	$6,135,810	-$2,230,580 -$276,111	$3,629,119
14	$6,442,714	-$2,344,135 -$289,922	$3,808,657
15	$6,764,827	-$2,463,316 -$304,417	$3,997,094
16	$7,103,057	-$2,588,461 -$319,638	$4,194,958
17	$7,458,085	-$2,719,822 -$335,614	$4,402,649
18	$7,831,046	-$2,857,817 -$352,397	$4,620,832
19	$8,222,621	-$3,002,700 -$370,018	$4,849,903
20	$8,633,718	-$3,154,806 -$388,517	$5,090,395
21	$9,065,472	-$3,314,555 -$407,946	$5,342,971
22	$9,518,791	-$3,482,283 -$428,346	$5,608,162
23	$9,994,583	-$3,658,326 -$449,756	$5,886,501
24	$10,494,437	-$3,843,272 -$472,250	$6,178,915
25	$11,019,034	-$4,037,373 -$495,857	$6,485,804
26	$11,570,190	-$4,241,301 -$520,659	$6,808,230
27	$12,148,586	-$4,455,307 -$546,686	$7,146,593
28	$12,756,038	-$4,680,064 -$574,022	$7,501,952
29	$13,393,908	-$4,916,076 -$602,726	$7,875,106
30	$14,063,558	-$5,163,847 -$632,860	$8,266,851