Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Kentucky MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(4.5%)	$16,726,500
Net Lumpsum Payment	$217,484,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$541,836	$7,083,538
2	$12,643,200	-$4,638,314 -$568,944	$7,435,942
3	$13,275,200	-$4,872,154 -$597,384	$7,805,662
4	$13,939,200	-$5,117,834 -$627,264	$8,194,102
5	$14,636,000	-$5,375,650 -$658,620	$8,601,730
6	$15,368,000	-$5,646,490 -$691,560	$9,029,950
7	$16,136,000	-$5,930,650 -$726,120	$9,479,230
8	$16,943,200	-$6,229,314 -$762,444	$9,951,442
9	$17,790,400	-$6,542,778 -$800,568	$10,447,054
10	$18,680,000	-$6,871,930 -$840,600	$10,967,470
11	$19,613,600	-$7,217,362 -$882,612	$11,513,626
12	$20,594,400	-$7,580,258 -$926,748	$12,087,394
13	$21,624,000	-$7,961,210 -$973,080	$12,689,710
14	$22,705,600	-$8,361,402 -$1,021,752	$13,322,446
15	$23,840,800	-$8,781,426 -$1,072,836	$13,986,538
16	$25,032,800	-$9,222,466 -$1,126,476	$14,683,858
17	$26,284,000	-$9,685,410 -$1,182,780	$15,415,810
18	$27,598,400	-$10,171,738 -$1,241,928	$16,184,734
19	$28,978,400	-$10,682,338 -$1,304,028	$16,992,034
20	$30,427,200	-$11,218,394 -$1,369,224	$17,839,582
21	$31,948,800	-$11,781,386 -$1,437,696	$18,729,718
22	$33,546,400	-$12,372,498 -$1,509,588	$19,664,314
23	$35,223,200	-$12,992,914 -$1,585,044	$20,645,242
24	$36,984,800	-$13,644,706 -$1,664,316	$21,675,778
25	$38,833,600	-$14,328,762 -$1,747,512	$22,757,326
26	$40,776,000	-$15,047,450 -$1,834,920	$23,893,630
27	$42,814,400	-$15,801,658 -$1,926,648	$25,086,094
28	$44,955,200	-$16,593,754 -$2,022,984	$26,338,462
29	$47,203,200	-$17,425,514 -$2,124,144	$27,653,542
30	$49,563,200	-$18,298,714 -$2,230,344	$29,034,142