The jackpot for the MEGA Millions draw on Fri Jun 6, 2025, is projected to be $223 Million, with an option for a cash payout of $99.4 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 Fri Jun 6, 2025 |
|---|
| Draw Date | Fri Jun 6, 2025 | | Projected Jackpot | $223,000,000 | | Cash Value | $99,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $99,400,000 | | Federal Tax(24%) | $23,856,000 | | Additional Federal Tax | $12,882,330 | | State Tax(4.5%) | $4,473,000 | | Net Lumpsum Payment | $58,188,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,356,373 |
$1,202,188
$151,037 |
$2,003,148 |
| 2 |
$3,524,292 |
$1,264,318
$158,593 |
$2,101,381 |
| 3 |
$3,700,462 |
$1,329,501
$166,521 |
$2,204,440 |
| 4 |
$3,885,552 |
$1,397,985
$174,850 |
$2,312,717 |
| 5 |
$4,079,785 |
$1,469,851
$183,590 |
$2,426,344 |
| 6 |
$4,283,830 |
$1,545,347
$192,772 |
$2,545,711 |
| 7 |
$4,497,910 |
$1,624,557
$202,406 |
$2,670,947 |
| 8 |
$4,722,917 |
$1,707,810
$212,531 |
$2,802,576 |
| 9 |
$4,959,074 |
$1,795,188
$223,158 |
$2,940,728 |
| 10 |
$5,207,050 |
$1,886,939
$234,317 |
$3,085,794 |
| 11 |
$5,467,291 |
$1,983,228
$246,028 |
$3,238,035 |
| 12 |
$5,740,689 |
$2,084,385
$258,331 |
$3,397,973 |
| 13 |
$6,027,690 |
$2,190,576
$271,246 |
$3,565,868 |
| 14 |
$6,329,186 |
$2,302,129
$284,813 |
$3,742,244 |
| 15 |
$6,645,623 |
$2,419,211
$299,053 |
$3,927,359 |
| 16 |
$6,977,893 |
$2,542,151
$314,005 |
$4,121,737 |
| 17 |
$7,326,665 |
$2,671,196
$329,700 |
$4,325,769 |
| 18 |
$7,693,054 |
$2,806,760
$346,187 |
$4,540,107 |
| 19 |
$8,077,729 |
$2,949,090
$363,498 |
$4,765,141 |
| 20 |
$8,481,582 |
$3,098,516
$381,671 |
$5,001,395 |
| 21 |
$8,905,728 |
$3,255,450
$400,758 |
$5,249,520 |
| 22 |
$9,351,059 |
$3,420,222
$420,798 |
$5,510,039 |
| 23 |
$9,818,467 |
$3,593,163
$441,831 |
$5,783,473 |
| 24 |
$10,309,513 |
$3,774,850
$463,928 |
$6,070,735 |
| 25 |
$10,824,866 |
$3,965,531
$487,119 |
$6,372,216 |
| 26 |
$11,366,310 |
$4,165,865
$511,484 |
$6,688,961 |
| 27 |
$11,934,514 |
$4,376,101
$537,053 |
$7,021,360 |
| 28 |
$12,531,262 |
$4,596,897
$563,907 |
$7,370,458 |
| 29 |
$13,157,892 |
$4,828,750
$592,105 |
$7,737,037 |
| 30 |
$13,815,742 |
$5,072,155
$621,708 |
$8,121,879 |
|
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