The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(4.5%) | $9,940,500 | | Net Lumpsum Payment | $129,266,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$331,197 |
$4,345,234 |
| 2 |
$7,728,156 |
$2,819,748
$347,767 |
$4,560,641 |
| 3 |
$8,114,466 |
$2,962,683
$365,151 |
$4,786,632 |
| 4 |
$8,520,336 |
$3,112,855
$383,415 |
$5,024,066 |
| 5 |
$8,946,255 |
$3,270,445
$402,581 |
$5,273,229 |
| 6 |
$9,393,690 |
$3,435,996
$422,716 |
$5,534,978 |
| 7 |
$9,863,130 |
$3,609,688
$443,841 |
$5,809,601 |
| 8 |
$10,356,531 |
$3,792,247
$466,044 |
$6,098,240 |
| 9 |
$10,874,382 |
$3,983,852
$489,347 |
$6,401,183 |
| 10 |
$11,418,150 |
$4,185,046
$513,817 |
$6,719,287 |
| 11 |
$11,988,813 |
$4,396,191
$539,497 |
$7,053,125 |
| 12 |
$12,588,327 |
$4,618,011
$566,475 |
$7,403,841 |
| 13 |
$13,217,670 |
$4,850,868
$594,795 |
$7,772,007 |
| 14 |
$13,878,798 |
$5,095,486
$624,546 |
$8,158,766 |
| 15 |
$14,572,689 |
$5,352,225
$655,771 |
$8,564,693 |
| 16 |
$15,301,299 |
$5,621,811
$688,558 |
$8,990,930 |
| 17 |
$16,066,095 |
$5,904,786
$722,974 |
$9,438,335 |
| 18 |
$16,869,522 |
$6,202,054
$759,128 |
$9,908,340 |
| 19 |
$17,713,047 |
$6,514,158
$797,087 |
$10,401,802 |
| 20 |
$18,598,626 |
$6,841,822
$836,938 |
$10,919,866 |
| 21 |
$19,528,704 |
$7,185,951
$878,792 |
$11,463,961 |
| 22 |
$20,505,237 |
$7,547,268
$922,736 |
$12,035,233 |
| 23 |
$21,530,181 |
$7,926,497
$968,858 |
$12,634,826 |
| 24 |
$22,606,959 |
$8,324,905
$1,017,313 |
$13,264,741 |
| 25 |
$23,737,038 |
$8,743,034
$1,068,167 |
$13,925,837 |
| 26 |
$24,924,330 |
$9,182,332
$1,121,595 |
$14,620,403 |
| 27 |
$26,170,302 |
$9,643,342
$1,177,664 |
$15,349,296 |
| 28 |
$27,478,866 |
$10,127,511
$1,236,549 |
$16,114,806 |
| 29 |
$28,852,956 |
$10,635,924
$1,298,383 |
$16,918,649 |
| 30 |
$30,295,506 |
$11,169,668
$1,363,298 |
$17,762,540 |
|
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