The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(4.5%) | $2,223,000 | | Net Lumpsum Payment | $28,938,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$74,502 |
$1,008,202 |
| 2 |
$1,738,440 |
$603,553
$78,230 |
$1,056,657 |
| 3 |
$1,825,340 |
$635,706
$82,140 |
$1,107,494 |
| 4 |
$1,916,640 |
$669,487
$86,249 |
$1,160,904 |
| 5 |
$2,012,450 |
$704,937
$90,560 |
$1,216,953 |
| 6 |
$2,113,100 |
$742,177
$95,090 |
$1,275,833 |
| 7 |
$2,218,700 |
$781,249
$99,842 |
$1,337,609 |
| 8 |
$2,329,690 |
$822,316
$104,836 |
$1,402,538 |
| 9 |
$2,446,180 |
$865,417
$110,078 |
$1,470,685 |
| 10 |
$2,568,500 |
$910,675
$115,583 |
$1,542,242 |
| 11 |
$2,696,870 |
$958,172
$121,359 |
$1,617,339 |
| 12 |
$2,831,730 |
$1,008,070
$127,428 |
$1,696,232 |
| 13 |
$2,973,300 |
$1,060,451
$133,799 |
$1,779,050 |
| 14 |
$3,122,020 |
$1,115,478
$140,491 |
$1,866,051 |
| 15 |
$3,278,110 |
$1,173,231
$147,515 |
$1,957,364 |
| 16 |
$3,442,010 |
$1,233,874
$154,890 |
$2,053,246 |
| 17 |
$3,614,050 |
$1,297,529
$162,632 |
$2,153,889 |
| 18 |
$3,794,780 |
$1,364,399
$170,765 |
$2,259,616 |
| 19 |
$3,984,530 |
$1,434,606
$179,304 |
$2,370,620 |
| 20 |
$4,183,740 |
$1,508,314
$188,268 |
$2,487,158 |
| 21 |
$4,392,960 |
$1,585,726
$197,683 |
$2,609,551 |
| 22 |
$4,612,630 |
$1,667,003
$207,568 |
$2,738,059 |
| 23 |
$4,843,190 |
$1,752,311
$217,944 |
$2,872,935 |
| 24 |
$5,085,410 |
$1,841,932
$228,843 |
$3,014,635 |
| 25 |
$5,339,620 |
$1,935,990
$240,283 |
$3,163,347 |
| 26 |
$5,606,700 |
$2,034,809
$252,302 |
$3,319,589 |
| 27 |
$5,886,980 |
$2,138,513
$264,914 |
$3,483,553 |
| 28 |
$6,181,340 |
$2,247,426
$278,160 |
$3,655,754 |
| 29 |
$6,490,440 |
$2,361,793
$292,070 |
$3,836,577 |
| 30 |
$6,814,940 |
$2,481,858
$306,672 |
$4,026,410 |
|
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