Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 25, 2025 is estimated to be $60 Million, with a cash option of 26.9 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 Apr 25, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 25, 2025	$60,000,000	$26,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$26,900,000
Federal Tax(24%)	$6,456,000
Additional Federal Tax	$3,457,330
State Tax(4.5%)	$1,210,500
Net Lumpsum Payment	$15,776,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$40,638	$567,959
2	$948,240	-$311,179 -$42,671	$594,390
3	$995,640	-$328,717 -$44,804	$622,119
4	$1,045,440	-$347,143 -$47,045	$651,252
5	$1,097,700	-$366,479 -$49,397	$681,824
6	$1,152,600	-$386,792 -$51,867	$713,941
7	$1,210,200	-$408,104 -$54,459	$747,637
8	$1,270,740	-$430,504 -$57,183	$783,053
9	$1,334,280	-$454,014 -$60,043	$820,223
10	$1,401,000	-$478,700 -$63,045	$859,255
11	$1,471,020	-$504,608 -$66,196	$900,216
12	$1,544,580	-$531,825 -$69,506	$943,249
13	$1,621,800	-$560,396 -$72,981	$988,423
14	$1,702,920	-$590,411 -$76,631	$1,035,878
15	$1,788,060	-$621,913 -$80,463	$1,085,684
16	$1,877,460	-$654,991 -$84,486	$1,137,983
17	$1,971,300	-$689,711 -$88,709	$1,192,880
18	$2,069,880	-$726,186 -$93,145	$1,250,549
19	$2,173,380	-$764,481 -$97,802	$1,311,097
20	$2,282,040	-$804,685 -$102,692	$1,374,663
21	$2,396,160	-$846,910 -$107,827	$1,441,423
22	$2,515,980	-$891,243 -$113,219	$1,511,518
23	$2,641,740	-$937,774 -$118,878	$1,585,088
24	$2,773,860	-$986,659 -$124,824	$1,662,377
25	$2,912,520	-$1,037,963 -$131,063	$1,743,494
26	$3,058,200	-$1,091,864 -$137,619	$1,828,717
27	$3,211,080	-$1,148,430 -$144,499	$1,918,151
28	$3,371,640	-$1,207,837 -$151,724	$2,012,079
29	$3,540,240	-$1,270,219 -$159,311	$2,110,710
30	$3,717,240	-$1,335,709 -$167,276	$2,214,255