The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(4.5%) | $6,997,500 | | Net Lumpsum Payment | $91,007,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$235,699 |
$3,103,752 |
| 2 |
$5,499,792 |
$1,995,253
$247,491 |
$3,257,048 |
| 3 |
$5,774,712 |
$2,096,974
$259,862 |
$3,417,876 |
| 4 |
$6,063,552 |
$2,203,845
$272,860 |
$3,586,847 |
| 5 |
$6,366,660 |
$2,315,995
$286,500 |
$3,764,165 |
| 6 |
$6,685,080 |
$2,433,810
$300,829 |
$3,950,441 |
| 7 |
$7,019,160 |
$2,557,420
$315,862 |
$4,145,878 |
| 8 |
$7,370,292 |
$2,687,338
$331,663 |
$4,351,291 |
| 9 |
$7,738,824 |
$2,823,695
$348,247 |
$4,566,882 |
| 10 |
$8,125,800 |
$2,966,876
$365,661 |
$4,793,263 |
| 11 |
$8,531,916 |
$3,117,139
$383,936 |
$5,030,841 |
| 12 |
$8,958,564 |
$3,274,999
$403,135 |
$5,280,430 |
| 13 |
$9,406,440 |
$3,440,713
$423,290 |
$5,542,437 |
| 14 |
$9,876,936 |
$3,614,797
$444,462 |
$5,817,677 |
| 15 |
$10,370,748 |
$3,797,507
$466,684 |
$6,106,557 |
| 16 |
$10,889,268 |
$3,989,360
$490,017 |
$6,409,891 |
| 17 |
$11,433,540 |
$4,190,740
$514,509 |
$6,728,291 |
| 18 |
$12,005,304 |
$4,402,293
$540,239 |
$7,062,772 |
| 19 |
$12,605,604 |
$4,624,404
$567,252 |
$7,413,948 |
| 20 |
$13,235,832 |
$4,857,588
$595,612 |
$7,782,632 |
| 21 |
$13,897,728 |
$5,102,490
$625,398 |
$8,169,840 |
| 22 |
$14,592,684 |
$5,359,623
$656,671 |
$8,576,390 |
| 23 |
$15,322,092 |
$5,629,504
$689,494 |
$9,003,094 |
| 24 |
$16,088,388 |
$5,913,034
$723,977 |
$9,451,377 |
| 25 |
$16,892,616 |
$6,210,598
$760,168 |
$9,921,850 |
| 26 |
$17,737,560 |
$6,523,228
$798,190 |
$10,416,142 |
| 27 |
$18,624,264 |
$6,851,308
$838,092 |
$10,934,864 |
| 28 |
$19,555,512 |
$7,195,870
$879,998 |
$11,479,644 |
| 29 |
$20,533,392 |
$7,557,685
$924,003 |
$12,051,704 |
| 30 |
$21,559,992 |
$7,937,527
$970,200 |
$12,652,265 |
|
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