Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(4.5%)	$5,674,500
Net Lumpsum Payment	$73,808,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$189,643	$2,505,023
2	$4,425,120	-$1,597,625 -$199,130	$2,628,365
3	$4,646,320	-$1,679,469 -$209,084	$2,757,767
4	$4,878,720	-$1,765,457 -$219,542	$2,893,721
5	$5,122,600	-$1,855,692 -$230,517	$3,036,391
6	$5,378,800	-$1,950,486 -$242,046	$3,186,268
7	$5,647,600	-$2,049,942 -$254,142	$3,343,516
8	$5,930,120	-$2,154,475 -$266,855	$3,508,790
9	$6,226,640	-$2,264,187 -$280,199	$3,682,254
10	$6,538,000	-$2,379,390 -$294,210	$3,864,400
11	$6,864,760	-$2,500,292 -$308,914	$4,055,554
12	$7,208,040	-$2,627,305 -$324,362	$4,256,373
13	$7,568,400	-$2,760,638 -$340,578	$4,467,184
14	$7,946,960	-$2,900,706 -$357,613	$4,688,641
15	$8,344,280	-$3,047,714 -$375,493	$4,921,073
16	$8,761,480	-$3,202,078 -$394,267	$5,165,135
17	$9,199,400	-$3,364,108 -$413,973	$5,421,319
18	$9,659,440	-$3,534,323 -$434,675	$5,690,442
19	$10,142,440	-$3,713,033 -$456,410	$5,972,997
20	$10,649,520	-$3,900,653 -$479,228	$6,269,639
21	$11,182,080	-$4,097,700 -$503,194	$6,581,186
22	$11,741,240	-$4,304,589 -$528,356	$6,908,295
23	$12,328,120	-$4,521,735 -$554,765	$7,251,620
24	$12,944,680	-$4,749,862 -$582,511	$7,612,307
25	$13,591,760	-$4,989,282 -$611,629	$7,990,849
26	$14,271,600	-$5,240,822 -$642,222	$8,388,556
27	$14,985,040	-$5,504,795 -$674,327	$8,805,918
28	$15,734,320	-$5,782,029 -$708,044	$9,244,247
29	$16,521,120	-$6,073,145 -$743,450	$9,704,525
30	$17,347,120	-$6,378,765 -$780,620	$10,187,735