The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(4.5%) | $11,326,500 | | Net Lumpsum Payment | $147,284,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$370,480 |
$4,855,915 |
| 2 |
$8,644,788 |
$3,158,902
$389,015 |
$5,096,871 |
| 3 |
$9,076,918 |
$3,318,790
$408,461 |
$5,349,667 |
| 4 |
$9,530,928 |
$3,486,774
$428,892 |
$5,615,262 |
| 5 |
$10,007,365 |
$3,663,055
$450,331 |
$5,893,979 |
| 6 |
$10,507,870 |
$3,848,242
$472,854 |
$6,186,774 |
| 7 |
$11,032,990 |
$4,042,537
$496,485 |
$6,493,968 |
| 8 |
$11,584,913 |
$4,246,748
$521,321 |
$6,816,844 |
| 9 |
$12,164,186 |
$4,461,079
$547,388 |
$7,155,719 |
| 10 |
$12,772,450 |
$4,686,137
$574,760 |
$7,511,553 |
| 11 |
$13,410,799 |
$4,922,326
$603,486 |
$7,884,987 |
| 12 |
$14,081,421 |
$5,170,456
$633,664 |
$8,277,301 |
| 13 |
$14,785,410 |
$5,430,932
$665,343 |
$8,689,135 |
| 14 |
$15,524,954 |
$5,704,563
$698,623 |
$9,121,768 |
| 15 |
$16,301,147 |
$5,991,755
$733,552 |
$9,575,840 |
| 16 |
$17,116,177 |
$6,293,316
$770,228 |
$10,052,633 |
| 17 |
$17,971,685 |
$6,609,854
$808,726 |
$10,553,105 |
| 18 |
$18,870,406 |
$6,942,381
$849,168 |
$11,078,857 |
| 19 |
$19,813,981 |
$7,291,503
$891,629 |
$11,630,849 |
| 20 |
$20,804,598 |
$7,658,032
$936,207 |
$12,210,359 |
| 21 |
$21,844,992 |
$8,042,977
$983,025 |
$12,818,990 |
| 22 |
$22,937,351 |
$8,447,150
$1,032,181 |
$13,458,020 |
| 23 |
$24,083,863 |
$8,871,360
$1,083,774 |
$14,128,729 |
| 24 |
$25,288,357 |
$9,317,022
$1,137,976 |
$14,833,359 |
| 25 |
$26,552,474 |
$9,784,746
$1,194,861 |
$15,572,867 |
| 26 |
$27,880,590 |
$10,276,149
$1,254,627 |
$16,349,814 |
| 27 |
$29,274,346 |
$10,791,838
$1,317,346 |
$17,165,162 |
| 28 |
$30,738,118 |
$11,333,434
$1,383,215 |
$18,021,469 |
| 29 |
$32,275,188 |
$11,902,150
$1,452,383 |
$18,920,655 |
| 30 |
$33,888,838 |
$12,499,200
$1,524,998 |
$19,864,640 |
|
|
