The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(4.5%) | $13,198,500 | | Net Lumpsum Payment | $171,620,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$455,142 |
$5,956,519 |
| 2 |
$10,620,288 |
$3,889,837
$477,913 |
$6,252,538 |
| 3 |
$11,151,168 |
$4,086,263
$501,803 |
$6,563,102 |
| 4 |
$11,708,928 |
$4,292,634
$526,902 |
$6,889,392 |
| 5 |
$12,294,240 |
$4,509,199
$553,241 |
$7,231,800 |
| 6 |
$12,909,120 |
$4,736,705
$580,910 |
$7,591,505 |
| 7 |
$13,554,240 |
$4,975,399
$609,941 |
$7,968,900 |
| 8 |
$14,232,288 |
$5,226,277
$640,453 |
$8,365,558 |
| 9 |
$14,943,936 |
$5,489,587
$672,477 |
$8,781,872 |
| 10 |
$15,691,200 |
$5,766,074
$706,104 |
$9,219,022 |
| 11 |
$16,475,424 |
$6,056,237
$741,394 |
$9,677,793 |
| 12 |
$17,299,296 |
$6,361,070
$778,468 |
$10,159,758 |
| 13 |
$18,164,160 |
$6,681,070
$817,387 |
$10,665,703 |
| 14 |
$19,072,704 |
$7,017,231
$858,272 |
$11,197,201 |
| 15 |
$20,026,272 |
$7,370,051
$901,182 |
$11,755,039 |
| 16 |
$21,027,552 |
$7,740,525
$946,240 |
$12,340,787 |
| 17 |
$22,078,560 |
$8,129,398
$993,535 |
$12,955,627 |
| 18 |
$23,182,656 |
$8,537,913
$1,043,220 |
$13,601,523 |
| 19 |
$24,341,856 |
$8,966,817
$1,095,384 |
$14,279,655 |
| 20 |
$25,558,848 |
$9,417,104
$1,150,148 |
$14,991,596 |
| 21 |
$26,836,992 |
$9,890,017
$1,207,665 |
$15,739,310 |
| 22 |
$28,178,976 |
$10,386,552
$1,268,054 |
$16,524,370 |
| 23 |
$29,587,488 |
$10,907,701
$1,331,437 |
$17,348,350 |
| 24 |
$31,067,232 |
$11,455,206
$1,398,025 |
$18,214,001 |
| 25 |
$32,620,224 |
$12,029,813
$1,467,910 |
$19,122,501 |
| 26 |
$34,251,840 |
$12,633,511
$1,541,333 |
$20,076,996 |
| 27 |
$35,964,096 |
$13,267,046
$1,618,384 |
$21,078,666 |
| 28 |
$37,762,368 |
$13,932,407
$1,699,307 |
$22,130,654 |
| 29 |
$39,650,688 |
$14,631,085
$1,784,281 |
$23,235,322 |
| 30 |
$41,633,088 |
$15,364,573
$1,873,489 |
$24,395,026 |
|
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