The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(4.5%) | $10,395,000 | | Net Lumpsum Payment | $135,174,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$346,098 |
$4,538,940 |
| 2 |
$8,075,844 |
$2,948,393
$363,413 |
$4,764,038 |
| 3 |
$8,479,534 |
$3,097,758
$381,579 |
$5,000,197 |
| 4 |
$8,903,664 |
$3,254,686
$400,665 |
$5,248,313 |
| 5 |
$9,348,745 |
$3,419,366
$420,694 |
$5,508,685 |
| 6 |
$9,816,310 |
$3,592,365
$441,734 |
$5,782,211 |
| 7 |
$10,306,870 |
$3,773,872
$463,809 |
$6,069,189 |
| 8 |
$10,822,469 |
$3,964,644
$487,011 |
$6,370,814 |
| 9 |
$11,363,618 |
$4,164,869
$511,363 |
$6,687,386 |
| 10 |
$11,931,850 |
$4,375,115
$536,933 |
$7,019,802 |
| 11 |
$12,528,187 |
$4,595,760
$563,768 |
$7,368,659 |
| 12 |
$13,154,673 |
$4,827,559
$591,960 |
$7,735,154 |
| 13 |
$13,812,330 |
$5,070,892
$621,555 |
$8,119,883 |
| 14 |
$14,503,202 |
$5,326,515
$652,644 |
$8,524,043 |
| 15 |
$15,228,311 |
$5,594,805
$685,274 |
$8,948,232 |
| 16 |
$15,989,701 |
$5,876,520
$719,537 |
$9,393,644 |
| 17 |
$16,788,905 |
$6,172,225
$755,501 |
$9,861,179 |
| 18 |
$17,628,478 |
$6,482,867
$793,282 |
$10,352,329 |
| 19 |
$18,509,953 |
$6,809,013
$832,948 |
$10,867,992 |
| 20 |
$19,435,374 |
$7,151,419
$874,592 |
$11,409,363 |
| 21 |
$20,407,296 |
$7,511,030
$918,328 |
$11,977,938 |
| 22 |
$21,427,763 |
$7,888,603
$964,249 |
$12,574,911 |
| 23 |
$22,498,819 |
$8,284,893
$1,012,447 |
$13,201,479 |
| 24 |
$23,624,041 |
$8,701,226
$1,063,082 |
$13,859,733 |
| 25 |
$24,804,962 |
$9,138,166
$1,116,223 |
$14,550,573 |
| 26 |
$26,045,670 |
$9,597,228
$1,172,055 |
$15,276,387 |
| 27 |
$27,347,698 |
$10,078,979
$1,230,646 |
$16,038,073 |
| 28 |
$28,715,134 |
$10,584,930
$1,292,181 |
$16,838,023 |
| 29 |
$30,151,044 |
$11,116,217
$1,356,797 |
$17,678,030 |
| 30 |
$31,658,494 |
$11,673,973
$1,424,632 |
$18,559,889 |
|
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