Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(4.5%)	$2,826,000
Net Lumpsum Payment	$36,777,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$94,821	$1,272,347
2	$2,212,560	-$778,978 -$99,565	$1,334,017
3	$2,323,160	-$819,900 -$104,542	$1,398,718
4	$2,439,360	-$862,894 -$109,771	$1,466,695
5	$2,561,300	-$908,011 -$115,259	$1,538,030
6	$2,689,400	-$955,408 -$121,023	$1,612,969
7	$2,823,800	-$1,005,136 -$127,071	$1,691,593
8	$2,965,060	-$1,057,403 -$133,428	$1,774,229
9	$3,113,320	-$1,112,259 -$140,099	$1,860,962
10	$3,269,000	-$1,169,860 -$147,105	$1,952,035
11	$3,432,380	-$1,230,311 -$154,457	$2,047,612
12	$3,604,020	-$1,293,818 -$162,181	$2,148,021
13	$3,784,200	-$1,360,484 -$170,289	$2,253,427
14	$3,973,480	-$1,430,518 -$178,807	$2,364,155
15	$4,172,140	-$1,504,022 -$187,746	$2,480,372
16	$4,380,740	-$1,581,204 -$197,133	$2,602,403
17	$4,599,700	-$1,662,219 -$206,987	$2,730,494
18	$4,829,720	-$1,747,327 -$217,337	$2,865,056
19	$5,071,220	-$1,836,682 -$228,205	$3,006,333
20	$5,324,760	-$1,930,492 -$239,614	$3,154,654
21	$5,591,040	-$2,029,015 -$251,597	$3,310,428
22	$5,870,620	-$2,132,460 -$264,178	$3,473,982
23	$6,164,060	-$2,241,033 -$277,383	$3,645,644
24	$6,472,340	-$2,355,096 -$291,255	$3,825,989
25	$6,795,880	-$2,474,806 -$305,815	$4,015,259
26	$7,135,800	-$2,600,576 -$321,111	$4,214,113
27	$7,492,520	-$2,732,563 -$337,163	$4,422,794
28	$7,867,160	-$2,871,180 -$354,022	$4,641,958
29	$8,260,560	-$3,016,738 -$371,725	$4,872,097
30	$8,673,560	-$3,169,548 -$390,310	$5,113,702