Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Tue Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(4.5%)	$2,497,500
Net Lumpsum Payment	$32,507,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$88,048	$1,184,299
2	$2,054,520	-$720,503 -$92,453	$1,241,564
3	$2,157,220	-$758,502 -$97,075	$1,301,643
4	$2,265,120	-$798,425 -$101,930	$1,364,765
5	$2,378,350	-$840,320 -$107,026	$1,431,004
6	$2,497,300	-$884,331 -$112,379	$1,500,590
7	$2,622,100	-$930,507 -$117,995	$1,573,598
8	$2,753,270	-$979,040 -$123,897	$1,650,333
9	$2,890,940	-$1,029,978 -$130,092	$1,730,870
10	$3,035,500	-$1,083,465 -$136,598	$1,815,437
11	$3,187,210	-$1,139,598 -$143,424	$1,904,188
12	$3,346,590	-$1,198,569 -$150,597	$1,997,424
13	$3,513,900	-$1,260,473 -$158,126	$2,095,301
14	$3,689,660	-$1,325,505 -$166,035	$2,198,120
15	$3,874,130	-$1,393,758 -$174,336	$2,306,036
16	$4,067,830	-$1,465,427 -$183,052	$2,419,351
17	$4,271,150	-$1,540,656 -$192,202	$2,538,292
18	$4,484,740	-$1,619,684 -$201,813	$2,663,243
19	$4,708,990	-$1,702,657 -$211,905	$2,794,428
20	$4,944,420	-$1,789,766 -$222,499	$2,932,155
21	$5,191,680	-$1,881,252 -$233,626	$3,076,802
22	$5,451,290	-$1,977,308 -$245,308	$3,228,674
23	$5,723,770	-$2,078,125 -$257,570	$3,388,075
24	$6,010,030	-$2,184,041 -$270,451	$3,555,538
25	$6,310,460	-$2,295,201 -$283,971	$3,731,288
26	$6,626,100	-$2,411,987 -$298,175	$3,915,938
27	$6,957,340	-$2,534,546 -$313,080	$4,109,714
28	$7,305,220	-$2,663,262 -$328,735	$4,313,223
29	$7,670,520	-$2,798,423 -$345,173	$4,526,924
30	$8,054,020	-$2,940,318 -$362,431	$4,751,271