The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(4.5%) | $7,362,000 | | Net Lumpsum Payment | $95,745,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$249,245 |
$3,279,848 |
| 2 |
$5,815,872 |
$2,112,203
$261,714 |
$3,441,955 |
| 3 |
$6,106,592 |
$2,219,769
$274,797 |
$3,612,026 |
| 4 |
$6,412,032 |
$2,332,782
$288,541 |
$3,790,709 |
| 5 |
$6,732,560 |
$2,451,378
$302,965 |
$3,978,217 |
| 6 |
$7,069,280 |
$2,575,964
$318,118 |
$4,175,198 |
| 7 |
$7,422,560 |
$2,706,678
$334,015 |
$4,381,867 |
| 8 |
$7,793,872 |
$2,844,063
$350,724 |
$4,599,085 |
| 9 |
$8,183,584 |
$2,988,256
$368,261 |
$4,827,067 |
| 10 |
$8,592,800 |
$3,139,666
$386,676 |
$5,066,458 |
| 11 |
$9,022,256 |
$3,298,565
$406,002 |
$5,317,689 |
| 12 |
$9,473,424 |
$3,465,497
$426,304 |
$5,581,623 |
| 13 |
$9,947,040 |
$3,640,735
$447,617 |
$5,858,688 |
| 14 |
$10,444,576 |
$3,824,824
$470,006 |
$6,149,746 |
| 15 |
$10,966,768 |
$4,018,035
$493,505 |
$6,455,228 |
| 16 |
$11,515,088 |
$4,220,913
$518,179 |
$6,775,996 |
| 17 |
$12,090,640 |
$4,433,867
$544,079 |
$7,112,694 |
| 18 |
$12,695,264 |
$4,657,578
$571,287 |
$7,466,399 |
| 19 |
$13,330,064 |
$4,892,454
$599,853 |
$7,837,757 |
| 20 |
$13,996,512 |
$5,139,040
$629,843 |
$8,227,629 |
| 21 |
$14,696,448 |
$5,398,016
$661,340 |
$8,637,092 |
| 22 |
$15,431,344 |
$5,669,928
$694,410 |
$9,067,006 |
| 23 |
$16,202,672 |
$5,955,319
$729,120 |
$9,518,233 |
| 24 |
$17,013,008 |
$6,255,143
$765,585 |
$9,992,280 |
| 25 |
$17,863,456 |
$6,569,809
$803,856 |
$10,489,791 |
| 26 |
$18,756,960 |
$6,900,406
$844,063 |
$11,012,491 |
| 27 |
$19,694,624 |
$7,247,341
$886,258 |
$11,561,025 |
| 28 |
$20,679,392 |
$7,611,705
$930,573 |
$12,137,114 |
| 29 |
$21,713,472 |
$7,994,315
$977,106 |
$12,742,051 |
| 30 |
$22,799,072 |
$8,395,987
$1,025,958 |
$13,377,127 |
|
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