Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 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 Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(4.5%)	$5,787,000
Net Lumpsum Payment	$75,270,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$193,029	$2,549,048
2	$4,504,140	-$1,626,862 -$202,686	$2,674,592
3	$4,729,290	-$1,710,168 -$212,818	$2,806,304
4	$4,965,840	-$1,797,691 -$223,463	$2,944,686
5	$5,214,075	-$1,889,538 -$234,633	$3,089,904
6	$5,474,850	-$1,986,025 -$246,368	$3,242,457
7	$5,748,450	-$2,087,257 -$258,680	$3,402,513
8	$6,036,015	-$2,193,656 -$271,621	$3,570,738
9	$6,337,830	-$2,305,327 -$285,202	$3,747,301
10	$6,654,750	-$2,422,588 -$299,464	$3,932,698
11	$6,987,345	-$2,545,648 -$314,431	$4,127,266
12	$7,336,755	-$2,674,930 -$330,154	$4,331,671
13	$7,703,550	-$2,810,644 -$346,660	$4,546,246
14	$8,088,870	-$2,953,212 -$363,999	$4,771,659
15	$8,493,285	-$3,102,846 -$382,198	$5,008,241
16	$8,917,935	-$3,259,966 -$401,307	$5,256,662
17	$9,363,675	-$3,424,890 -$421,365	$5,517,420
18	$9,831,930	-$3,598,144 -$442,437	$5,791,349
19	$10,323,555	-$3,780,046 -$464,560	$6,078,949
20	$10,839,690	-$3,971,016 -$487,786	$6,380,888
21	$11,381,760	-$4,171,582 -$512,179	$6,697,999
22	$11,950,905	-$4,382,165 -$537,791	$7,030,949
23	$12,548,265	-$4,603,188 -$564,672	$7,380,405
24	$13,175,835	-$4,835,389 -$592,913	$7,747,533
25	$13,834,470	-$5,079,084 -$622,551	$8,132,835
26	$14,526,450	-$5,335,117 -$653,690	$8,537,643
27	$15,252,630	-$5,603,803 -$686,368	$8,962,459
28	$16,015,290	-$5,885,988 -$720,688	$9,408,614
29	$16,816,140	-$6,182,302 -$756,726	$9,877,112
30	$17,656,890	-$6,493,380 -$794,560	$10,368,950