Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(4.5%)	$3,055,500
Net Lumpsum Payment	$39,761,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$101,594	$1,360,395
2	$2,370,600	-$837,452 -$106,677	$1,426,471
3	$2,489,100	-$881,297 -$112,010	$1,495,793
4	$2,613,600	-$927,362 -$117,612	$1,568,626
5	$2,744,250	-$975,703 -$123,491	$1,645,056
6	$2,881,500	-$1,026,485 -$129,668	$1,725,347
7	$3,025,500	-$1,079,765 -$136,148	$1,809,587
8	$3,176,850	-$1,135,765 -$142,958	$1,898,127
9	$3,335,700	-$1,194,539 -$150,107	$1,991,054
10	$3,502,500	-$1,256,255 -$157,613	$2,088,632
11	$3,677,550	-$1,321,024 -$165,490	$2,191,036
12	$3,861,450	-$1,389,067 -$173,765	$2,298,618
13	$4,054,500	-$1,460,495 -$182,453	$2,411,552
14	$4,257,300	-$1,535,531 -$191,579	$2,530,190
15	$4,470,150	-$1,614,286 -$201,157	$2,654,707
16	$4,693,650	-$1,696,981 -$211,214	$2,785,455
17	$4,928,250	-$1,783,783 -$221,771	$2,922,696
18	$5,174,700	-$1,874,969 -$232,862	$3,066,869
19	$5,433,450	-$1,970,707 -$244,505	$3,218,238
20	$5,705,100	-$2,071,217 -$256,730	$3,377,153
21	$5,990,400	-$2,176,778 -$269,568	$3,544,054
22	$6,289,950	-$2,287,612 -$283,048	$3,719,290
23	$6,604,350	-$2,403,940 -$297,196	$3,903,214
24	$6,934,650	-$2,526,151 -$312,059	$4,096,440
25	$7,281,300	-$2,654,411 -$327,659	$4,299,230
26	$7,645,500	-$2,789,165 -$344,048	$4,512,287
27	$8,027,700	-$2,930,579 -$361,247	$4,735,874
28	$8,429,100	-$3,079,097 -$379,310	$4,970,693
29	$8,850,600	-$3,235,052 -$398,277	$5,217,271
30	$9,293,100	-$3,398,777 -$418,190	$5,476,133