The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(4.5%) | $6,556,500 | | Net Lumpsum Payment | $85,274,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$220,798 |
$2,910,046 |
| 2 |
$5,152,104 |
$1,866,609
$231,845 |
$3,053,650 |
| 3 |
$5,409,644 |
$1,961,899
$243,434 |
$3,204,311 |
| 4 |
$5,680,224 |
$2,062,013
$255,610 |
$3,362,601 |
| 5 |
$5,964,170 |
$2,167,073
$268,388 |
$3,528,709 |
| 6 |
$6,262,460 |
$2,277,441
$281,811 |
$3,703,208 |
| 7 |
$6,575,420 |
$2,393,236
$295,894 |
$3,886,290 |
| 8 |
$6,904,354 |
$2,514,941
$310,696 |
$4,078,717 |
| 9 |
$7,249,588 |
$2,642,678
$326,231 |
$4,280,679 |
| 10 |
$7,612,100 |
$2,776,807
$342,545 |
$4,492,748 |
| 11 |
$7,992,542 |
$2,917,571
$359,664 |
$4,715,307 |
| 12 |
$8,392,218 |
$3,065,451
$377,650 |
$4,949,117 |
| 13 |
$8,811,780 |
$3,220,689
$396,530 |
$5,194,561 |
| 14 |
$9,252,532 |
$3,383,767
$416,364 |
$5,452,401 |
| 15 |
$9,715,126 |
$3,554,927
$437,181 |
$5,723,018 |
| 16 |
$10,200,866 |
$3,734,651
$459,039 |
$6,007,176 |
| 17 |
$10,710,730 |
$3,923,300
$481,983 |
$6,305,447 |
| 18 |
$11,246,348 |
$4,121,479
$506,086 |
$6,618,783 |
| 19 |
$11,808,698 |
$4,329,549
$531,391 |
$6,947,758 |
| 20 |
$12,399,084 |
$4,547,991
$557,959 |
$7,293,134 |
| 21 |
$13,019,136 |
$4,777,411
$585,861 |
$7,655,864 |
| 22 |
$13,670,158 |
$5,018,289
$615,157 |
$8,036,712 |
| 23 |
$14,353,454 |
$5,271,108
$645,905 |
$8,436,441 |
| 24 |
$15,071,306 |
$5,536,714
$678,209 |
$8,856,383 |
| 25 |
$15,824,692 |
$5,815,466
$712,111 |
$9,297,115 |
| 26 |
$16,616,220 |
$6,108,332
$747,730 |
$9,760,158 |
| 27 |
$17,446,868 |
$6,415,672
$785,109 |
$10,246,087 |
| 28 |
$18,319,244 |
$6,738,451
$824,366 |
$10,756,427 |
| 29 |
$19,235,304 |
$7,077,393
$865,589 |
$11,292,322 |
| 30 |
$20,197,004 |
$7,433,222
$908,865 |
$11,854,917 |
|
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