Kentucky Lottery

KYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(4.5%)	$1,629,000
Net Lumpsum Payment	$21,216,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$54,184	$744,056
2	$1,264,320	-$428,129 -$56,894	$779,297
3	$1,327,520	-$451,513 -$59,738	$816,269
4	$1,393,920	-$476,081 -$62,726	$855,113
5	$1,463,600	-$501,862 -$65,862	$895,876
6	$1,536,800	-$528,946 -$69,156	$938,698
7	$1,613,600	-$557,362 -$72,612	$983,626
8	$1,694,320	-$587,229 -$76,244	$1,030,847
9	$1,779,040	-$618,575 -$80,057	$1,080,408
10	$1,868,000	-$651,490 -$84,060	$1,132,450
11	$1,961,360	-$686,034 -$88,261	$1,187,065
12	$2,059,440	-$722,323 -$92,675	$1,244,442
13	$2,162,400	-$760,418 -$97,308	$1,304,674
14	$2,270,560	-$800,438 -$102,175	$1,367,947
15	$2,384,080	-$842,440 -$107,284	$1,434,356
16	$2,503,280	-$886,544 -$112,648	$1,504,088
17	$2,628,400	-$932,838 -$118,278	$1,577,284
18	$2,759,840	-$981,471 -$124,193	$1,654,176
19	$2,897,840	-$1,032,531 -$130,403	$1,734,906
20	$3,042,720	-$1,086,137 -$136,922	$1,819,661
21	$3,194,880	-$1,142,436 -$143,770	$1,908,674
22	$3,354,640	-$1,201,547 -$150,959	$2,002,134
23	$3,522,320	-$1,263,589 -$158,504	$2,100,227
24	$3,698,480	-$1,328,768 -$166,432	$2,203,280
25	$3,883,360	-$1,397,174 -$174,751	$2,311,435
26	$4,077,600	-$1,469,042 -$183,492	$2,425,066
27	$4,281,440	-$1,544,463 -$192,665	$2,544,312
28	$4,495,520	-$1,623,673 -$202,298	$2,669,549
29	$4,720,320	-$1,706,849 -$212,414	$2,801,057
30	$4,956,320	-$1,794,169 -$223,034	$2,939,117