Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(4.5%)	$6,282,000
Net Lumpsum Payment	$81,705,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$233,667	$3,077,337
2	$5,452,380	-$1,977,711 -$245,357	$3,229,312
3	$5,724,930	-$2,078,554 -$257,622	$3,388,754
4	$6,011,280	-$2,184,504 -$270,508	$3,556,268
5	$6,311,775	-$2,295,687 -$284,030	$3,732,058
6	$6,627,450	-$2,412,487 -$298,235	$3,916,728
7	$6,958,650	-$2,535,031 -$313,139	$4,110,480
8	$7,306,755	-$2,663,830 -$328,804	$4,314,121
9	$7,672,110	-$2,799,011 -$345,245	$4,527,854
10	$8,055,750	-$2,940,958 -$362,509	$4,752,283
11	$8,458,365	-$3,089,925 -$380,626	$4,987,814
12	$8,881,335	-$3,246,424 -$399,660	$5,235,251
13	$9,325,350	-$3,410,710 -$419,641	$5,494,999
14	$9,791,790	-$3,583,293 -$440,631	$5,767,866
15	$10,281,345	-$3,764,428 -$462,661	$6,054,256
16	$10,795,395	-$3,954,627 -$485,793	$6,354,975
17	$11,334,975	-$4,154,271 -$510,074	$6,670,630
18	$11,901,810	-$4,364,000 -$535,581	$7,002,229
19	$12,496,935	-$4,584,196 -$562,362	$7,350,377
20	$13,121,730	-$4,815,370 -$590,478	$7,715,882
21	$13,777,920	-$5,058,161 -$620,006	$8,099,753
22	$14,466,885	-$5,313,078 -$651,010	$8,502,797
23	$15,190,005	-$5,580,632 -$683,550	$8,925,823
24	$15,949,695	-$5,861,718 -$717,736	$9,370,241
25	$16,746,990	-$6,156,717 -$753,615	$9,836,658
26	$17,584,650	-$6,466,651 -$791,309	$10,326,690
27	$18,463,710	-$6,791,903 -$830,867	$10,840,940
28	$19,386,930	-$7,133,494 -$872,412	$11,381,024
29	$20,356,380	-$7,492,191 -$916,037	$11,948,152
30	$21,374,130	-$7,868,758 -$961,836	$12,543,536