The jackpot for the MEGA Millions draw on Tue Jun 2, 2026, is projected to be $346 Million, with an option for a cash payout of $153.8 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 2, 2026 |
|---|
| Draw Date | Tue Jun 2, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $153,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,800,000 | | Federal Tax(24%) | $36,912,000 | | Additional Federal Tax | $19,954,330 | | State Tax(4.5%) | $6,921,000 | | Net Lumpsum Payment | $90,012,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$234,344 |
$3,086,143 |
| 2 |
$5,468,184 |
$1,983,558
$246,068 |
$3,238,558 |
| 3 |
$5,741,524 |
$2,084,694
$258,369 |
$3,398,461 |
| 4 |
$6,028,704 |
$2,190,951
$271,292 |
$3,566,461 |
| 5 |
$6,330,070 |
$2,302,456
$284,853 |
$3,742,761 |
| 6 |
$6,646,660 |
$2,419,595
$299,100 |
$3,927,965 |
| 7 |
$6,978,820 |
$2,542,494
$314,047 |
$4,122,279 |
| 8 |
$7,327,934 |
$2,671,666
$329,757 |
$4,326,511 |
| 9 |
$7,694,348 |
$2,807,239
$346,246 |
$4,540,863 |
| 10 |
$8,079,100 |
$2,949,597
$363,560 |
$4,765,943 |
| 11 |
$8,482,882 |
$3,098,997
$381,730 |
$5,002,155 |
| 12 |
$8,907,078 |
$3,255,949
$400,819 |
$5,250,310 |
| 13 |
$9,352,380 |
$3,420,711
$420,857 |
$5,510,812 |
| 14 |
$9,820,172 |
$3,593,794
$441,908 |
$5,784,470 |
| 15 |
$10,311,146 |
$3,775,454
$464,002 |
$6,071,690 |
| 16 |
$10,826,686 |
$3,966,204
$487,201 |
$6,373,281 |
| 17 |
$11,367,830 |
$4,166,427
$511,552 |
$6,689,851 |
| 18 |
$11,936,308 |
$4,376,764
$537,134 |
$7,022,410 |
| 19 |
$12,533,158 |
$4,597,599
$563,992 |
$7,371,567 |
| 20 |
$13,159,764 |
$4,829,443
$592,189 |
$7,738,132 |
| 21 |
$13,817,856 |
$5,072,937
$621,804 |
$8,123,115 |
| 22 |
$14,508,818 |
$5,328,593
$652,897 |
$8,527,328 |
| 23 |
$15,234,034 |
$5,596,923
$685,532 |
$8,951,579 |
| 24 |
$15,995,926 |
$5,878,823
$719,817 |
$9,397,286 |
| 25 |
$16,795,532 |
$6,174,677
$755,799 |
$9,865,056 |
| 26 |
$17,635,620 |
$6,485,510
$793,603 |
$10,356,507 |
| 27 |
$18,517,228 |
$6,811,705
$833,275 |
$10,872,248 |
| 28 |
$19,443,124 |
$7,154,286
$874,941 |
$11,413,897 |
| 29 |
$20,415,384 |
$7,514,022
$918,692 |
$11,982,670 |
| 30 |
$21,436,084 |
$7,891,681
$964,624 |
$12,579,779 |
|
|
