Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kentucky MEGA Millions Jackpot/Cash Option for Tue Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(4.5%)	$6,921,000
Net Lumpsum Payment	$90,012,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$234,344	$3,086,143
2	$5,468,184	-$1,983,558 -$246,068	$3,238,558
3	$5,741,524	-$2,084,694 -$258,369	$3,398,461
4	$6,028,704	-$2,190,951 -$271,292	$3,566,461
5	$6,330,070	-$2,302,456 -$284,853	$3,742,761
6	$6,646,660	-$2,419,595 -$299,100	$3,927,965
7	$6,978,820	-$2,542,494 -$314,047	$4,122,279
8	$7,327,934	-$2,671,666 -$329,757	$4,326,511
9	$7,694,348	-$2,807,239 -$346,246	$4,540,863
10	$8,079,100	-$2,949,597 -$363,560	$4,765,943
11	$8,482,882	-$3,098,997 -$381,730	$5,002,155
12	$8,907,078	-$3,255,949 -$400,819	$5,250,310
13	$9,352,380	-$3,420,711 -$420,857	$5,510,812
14	$9,820,172	-$3,593,794 -$441,908	$5,784,470
15	$10,311,146	-$3,775,454 -$464,002	$6,071,690
16	$10,826,686	-$3,966,204 -$487,201	$6,373,281
17	$11,367,830	-$4,166,427 -$511,552	$6,689,851
18	$11,936,308	-$4,376,764 -$537,134	$7,022,410
19	$12,533,158	-$4,597,599 -$563,992	$7,371,567
20	$13,159,764	-$4,829,443 -$592,189	$7,738,132
21	$13,817,856	-$5,072,937 -$621,804	$8,123,115
22	$14,508,818	-$5,328,593 -$652,897	$8,527,328
23	$15,234,034	-$5,596,923 -$685,532	$8,951,579
24	$15,995,926	-$5,878,823 -$719,817	$9,397,286
25	$16,795,532	-$6,174,677 -$755,799	$9,865,056
26	$17,635,620	-$6,485,510 -$793,603	$10,356,507
27	$18,517,228	-$6,811,705 -$833,275	$10,872,248
28	$19,443,124	-$7,154,286 -$874,941	$11,413,897
29	$20,415,384	-$7,514,022 -$918,692	$11,982,670
30	$21,436,084	-$7,891,681 -$964,624	$12,579,779