The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Kentucky residents, the state will deduct 4.5% from your lottery earnings.
| Kentucky MEGA Millions Jackpot/Cash Option for Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(4.5%) | $5,053,500 | | Net Lumpsum Payment | $65,735,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$170,001 |
$2,249,683 |
| 2 |
$3,966,804 |
$1,428,048
$178,506 |
$2,360,250 |
| 3 |
$4,165,094 |
$1,501,415
$187,429 |
$2,476,250 |
| 4 |
$4,373,424 |
$1,578,497
$196,804 |
$2,598,123 |
| 5 |
$4,592,045 |
$1,659,387
$206,642 |
$2,726,016 |
| 6 |
$4,821,710 |
$1,744,363
$216,977 |
$2,860,370 |
| 7 |
$5,062,670 |
$1,833,518
$227,820 |
$3,001,332 |
| 8 |
$5,315,929 |
$1,927,224
$239,217 |
$3,149,488 |
| 9 |
$5,581,738 |
$2,025,573
$251,178 |
$3,304,987 |
| 10 |
$5,860,850 |
$2,128,845
$263,738 |
$3,468,267 |
| 11 |
$6,153,767 |
$2,237,224
$276,920 |
$3,639,623 |
| 12 |
$6,461,493 |
$2,351,083
$290,767 |
$3,819,643 |
| 13 |
$6,784,530 |
$2,470,606
$305,304 |
$4,008,620 |
| 14 |
$7,123,882 |
$2,596,167
$320,575 |
$4,207,140 |
| 15 |
$7,480,051 |
$2,727,949
$336,602 |
$4,415,500 |
| 16 |
$7,854,041 |
$2,866,326
$353,432 |
$4,634,283 |
| 17 |
$8,246,605 |
$3,011,574
$371,097 |
$4,863,934 |
| 18 |
$8,658,998 |
$3,164,160
$389,655 |
$5,105,183 |
| 19 |
$9,091,973 |
$3,324,360
$409,139 |
$5,358,474 |
| 20 |
$9,546,534 |
$3,492,548
$429,594 |
$5,624,392 |
| 21 |
$10,023,936 |
$3,669,187
$451,077 |
$5,903,672 |
| 22 |
$10,525,183 |
$3,854,648
$473,633 |
$6,196,902 |
| 23 |
$11,051,279 |
$4,049,304
$497,308 |
$6,504,667 |
| 24 |
$11,603,981 |
$4,253,803
$522,179 |
$6,827,999 |
| 25 |
$12,184,042 |
$4,468,426
$548,282 |
$7,167,334 |
| 26 |
$12,793,470 |
$4,693,914
$575,706 |
$7,523,850 |
| 27 |
$13,433,018 |
$4,930,547
$604,486 |
$7,897,985 |
| 28 |
$14,104,694 |
$5,179,067
$634,711 |
$8,290,916 |
| 29 |
$14,810,004 |
$5,440,032
$666,450 |
$8,703,522 |
| 30 |
$15,550,454 |
$5,713,998
$699,770 |
$9,136,686 |
|
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