The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(4.5%) | $9,139,500 | | Net Lumpsum Payment | $118,853,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$296,655 |
$3,896,188 |
| 2 |
$6,922,152 |
$2,521,527
$311,497 |
$4,089,128 |
| 3 |
$7,268,172 |
$2,649,554
$327,068 |
$4,291,550 |
| 4 |
$7,631,712 |
$2,784,064
$343,427 |
$4,504,221 |
| 5 |
$8,013,210 |
$2,925,218
$360,594 |
$4,727,398 |
| 6 |
$8,413,980 |
$3,073,503
$378,629 |
$4,961,848 |
| 7 |
$8,834,460 |
$3,229,081
$397,551 |
$5,207,828 |
| 8 |
$9,276,402 |
$3,392,599
$417,438 |
$5,466,365 |
| 9 |
$9,740,244 |
$3,564,221
$438,311 |
$5,737,712 |
| 10 |
$10,227,300 |
$3,744,431
$460,229 |
$6,022,640 |
| 11 |
$10,738,446 |
$3,933,555
$483,230 |
$6,321,661 |
| 12 |
$11,275,434 |
$4,132,241
$507,395 |
$6,635,798 |
| 13 |
$11,839,140 |
$4,340,812
$532,761 |
$6,965,567 |
| 14 |
$12,431,316 |
$4,559,917
$559,409 |
$7,311,990 |
| 15 |
$13,052,838 |
$4,789,880
$587,378 |
$7,675,580 |
| 16 |
$13,705,458 |
$5,031,350
$616,746 |
$8,057,362 |
| 17 |
$14,390,490 |
$5,284,812
$647,572 |
$8,458,106 |
| 18 |
$15,110,124 |
$5,551,076
$679,956 |
$8,879,092 |
| 19 |
$15,865,674 |
$5,830,630
$713,955 |
$9,321,089 |
| 20 |
$16,658,892 |
$6,124,120
$749,650 |
$9,785,122 |
| 21 |
$17,491,968 |
$6,432,359
$787,139 |
$10,272,470 |
| 22 |
$18,366,654 |
$6,755,992
$826,499 |
$10,784,163 |
| 23 |
$19,284,702 |
$7,095,670
$867,812 |
$11,321,220 |
| 24 |
$20,249,178 |
$7,452,526
$911,213 |
$11,885,439 |
| 25 |
$21,261,396 |
$7,827,047
$956,763 |
$12,477,586 |
| 26 |
$22,324,860 |
$8,220,529
$1,004,619 |
$13,099,712 |
| 27 |
$23,440,884 |
$8,633,457
$1,054,840 |
$13,752,587 |
| 28 |
$24,612,972 |
$9,067,130
$1,107,584 |
$14,438,258 |
| 29 |
$25,843,752 |
$9,522,519
$1,162,969 |
$15,158,264 |
| 30 |
$27,135,852 |
$10,000,596
$1,221,113 |
$15,914,143 |
|
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