Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(4.5%)	$6,120,000
Net Lumpsum Payment	$79,599,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$204,543	$2,698,730
2	$4,772,808	-$1,726,269 -$214,776	$2,831,763
3	$5,011,388	-$1,814,544 -$225,512	$2,971,332
4	$5,262,048	-$1,907,288 -$236,792	$3,117,968
5	$5,525,090	-$2,004,614 -$248,629	$3,271,847
6	$5,801,420	-$2,106,856 -$261,064	$3,433,500
7	$6,091,340	-$2,214,126 -$274,110	$3,603,104
8	$6,396,058	-$2,326,872 -$287,823	$3,781,363
9	$6,715,876	-$2,445,205 -$302,214	$3,968,457
10	$7,051,700	-$2,569,459 -$317,327	$4,164,914
11	$7,404,134	-$2,699,860 -$333,186	$4,371,088
12	$7,774,386	-$2,836,853 -$349,847	$4,587,686
13	$8,163,060	-$2,980,663 -$367,338	$4,815,059
14	$8,571,364	-$3,131,735 -$385,711	$5,053,918
15	$8,999,902	-$3,290,294 -$404,996	$5,304,612
16	$9,449,882	-$3,456,787 -$425,245	$5,567,850
17	$9,922,210	-$3,631,548 -$446,499	$5,844,163
18	$10,418,396	-$3,815,137 -$468,828	$6,134,431
19	$10,939,346	-$4,007,888 -$492,271	$6,439,187
20	$11,486,268	-$4,210,250 -$516,882	$6,759,136
21	$12,060,672	-$4,422,779 -$542,730	$7,095,163
22	$12,663,766	-$4,645,924 -$569,869	$7,447,973
23	$13,296,758	-$4,880,131 -$598,354	$7,818,273
24	$13,961,762	-$5,126,182 -$628,279	$8,207,301
25	$14,659,684	-$5,384,413 -$659,686	$8,615,585
26	$15,392,940	-$5,655,718 -$692,682	$9,044,540
27	$16,162,436	-$5,940,432 -$727,310	$9,494,694
28	$16,970,588	-$6,239,448 -$763,676	$9,967,464
29	$17,819,208	-$6,553,437 -$801,864	$10,463,907
30	$18,710,108	-$6,883,070 -$841,955	$10,985,083