Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 23, 2025 is estimated to be $451 Million, with a cash option of 208.7 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 23, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 23, 2025	$451,000,000	$208,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$208,700,000
Federal Tax(24%)	$50,088,000
Additional Federal Tax	$27,091,330
State Tax(4.5%)	$9,391,500
Net Lumpsum Payment	$122,129,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,788,001	-$2,471,891 -$305,460	$4,010,650
2	$7,127,604	-$2,597,544 -$320,742	$4,209,318
3	$7,483,894	-$2,729,371 -$336,775	$4,417,748
4	$7,858,224	-$2,867,873 -$353,620	$4,636,731
5	$8,251,045	-$3,013,217 -$371,297	$4,866,531
6	$8,663,710	-$3,165,903 -$389,867	$5,107,940
7	$9,096,670	-$3,326,098 -$409,350	$5,361,222
8	$9,551,729	-$3,494,470 -$429,828	$5,627,431
9	$10,029,338	-$3,671,185 -$451,320	$5,906,833
10	$10,530,850	-$3,856,745 -$473,888	$6,200,217
11	$11,057,167	-$4,051,482 -$497,573	$6,508,112
12	$11,610,093	-$4,256,065 -$522,454	$6,831,574
13	$12,190,530	-$4,470,826 -$548,574	$7,171,130
14	$12,800,282	-$4,696,435 -$576,013	$7,527,834
15	$13,440,251	-$4,933,223 -$604,811	$7,902,217
16	$14,112,241	-$5,181,860 -$635,051	$8,295,330
17	$14,817,605	-$5,442,844 -$666,792	$8,707,969
18	$15,558,598	-$5,717,012 -$700,137	$9,141,449
19	$16,336,573	-$6,004,862 -$735,146	$9,596,565
20	$17,153,334	-$6,307,064 -$771,900	$10,074,370
21	$18,011,136	-$6,624,451 -$810,501	$10,576,184
22	$18,911,783	-$6,957,690 -$851,030	$11,103,063
23	$19,857,079	-$7,307,450 -$893,569	$11,656,060
24	$20,850,181	-$7,674,897 -$938,258	$12,237,026
25	$21,892,442	-$8,060,534 -$985,160	$12,846,748
26	$22,987,470	-$8,465,694 -$1,034,436	$13,487,340
27	$24,136,618	-$8,890,879 -$1,086,148	$14,159,591
28	$25,343,494	-$9,337,423 -$1,140,457	$14,865,614
29	$26,610,804	-$9,806,328 -$1,197,486	$15,606,990
30	$27,941,254	-$10,298,594 -$1,257,356	$16,385,304