Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(4.5%)	$9,495,000
Net Lumpsum Payment	$123,474,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$316,297	$4,151,527
2	$7,380,468	-$2,691,104 -$332,121	$4,357,243
3	$7,749,398	-$2,827,608 -$348,723	$4,573,067
4	$8,137,008	-$2,971,023 -$366,165	$4,799,820
5	$8,543,765	-$3,121,523 -$384,469	$5,037,773
6	$8,971,070	-$3,279,626 -$403,698	$5,287,746
7	$9,419,390	-$3,445,505 -$423,873	$5,550,012
8	$9,890,593	-$3,619,850 -$445,077	$5,825,666
9	$10,385,146	-$3,802,834 -$467,332	$6,114,980
10	$10,904,450	-$3,994,977 -$490,700	$6,418,773
11	$11,449,439	-$4,196,623 -$515,225	$6,737,591
12	$12,021,981	-$4,408,463 -$540,989	$7,072,529
13	$12,623,010	-$4,630,844 -$568,035	$7,424,131
14	$13,254,394	-$4,864,456 -$596,448	$7,793,490
15	$13,917,067	-$5,109,645 -$626,268	$8,181,154
16	$14,612,897	-$5,367,102 -$657,580	$8,588,215
17	$15,343,285	-$5,637,346 -$690,448	$9,015,491
18	$16,110,566	-$5,921,240 -$724,975	$9,464,351
19	$16,916,141	-$6,219,303 -$761,226	$9,935,612
20	$17,761,878	-$6,532,225 -$799,285	$10,430,368
21	$18,650,112	-$6,860,872 -$839,255	$10,949,985
22	$19,582,711	-$7,205,933 -$881,222	$11,495,556
23	$20,561,543	-$7,568,101 -$925,269	$12,068,173
24	$21,589,877	-$7,948,585 -$971,544	$12,669,748
25	$22,669,114	-$8,347,903 -$1,020,110	$13,301,101
26	$23,802,990	-$8,767,437 -$1,071,135	$13,964,418
27	$24,992,906	-$9,207,706 -$1,124,681	$14,660,519
28	$26,242,598	-$9,670,092 -$1,180,917	$15,391,589
29	$27,554,868	-$10,155,632 -$1,239,969	$16,159,267
30	$28,932,518	-$10,665,362 -$1,301,963	$16,965,193