The jackpot for the MEGA Millions draw on Tue Sep 15, 2026, is projected to be $227 Million, with an option for a cash payout of $96.3 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 Sep 15, 2026 |
|---|
| Draw Date | Tue Sep 15, 2026 | | Projected Jackpot | $227,000,000 | | Cash Value | $96,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $96,300,000 | | Federal Tax(24%) | $23,112,000 | | Additional Federal Tax | $12,479,330 | | State Tax(4.5%) | $4,333,500 | | Net Lumpsum Payment | $56,375,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,416,577 |
$1,224,464
$153,746 |
$2,038,367 |
| 2 |
$3,587,508 |
$1,287,708
$161,438 |
$2,138,362 |
| 3 |
$3,766,838 |
$1,354,060
$169,508 |
$2,243,270 |
| 4 |
$3,955,248 |
$1,423,772
$177,986 |
$2,353,490 |
| 5 |
$4,152,965 |
$1,496,927
$186,883 |
$2,469,155 |
| 6 |
$4,360,670 |
$1,573,778
$196,230 |
$2,590,662 |
| 7 |
$4,578,590 |
$1,654,409
$206,037 |
$2,718,144 |
| 8 |
$4,807,633 |
$1,739,155
$216,343 |
$2,852,135 |
| 9 |
$5,048,026 |
$1,828,100
$227,161 |
$2,992,765 |
| 10 |
$5,300,450 |
$1,921,497
$238,520 |
$3,140,433 |
| 11 |
$5,565,359 |
$2,019,513
$250,441 |
$3,295,405 |
| 12 |
$5,843,661 |
$2,122,485
$262,965 |
$3,458,211 |
| 13 |
$6,135,810 |
$2,230,580
$276,111 |
$3,629,119 |
| 14 |
$6,442,714 |
$2,344,135
$289,922 |
$3,808,657 |
| 15 |
$6,764,827 |
$2,463,316
$304,417 |
$3,997,094 |
| 16 |
$7,103,057 |
$2,588,461
$319,638 |
$4,194,958 |
| 17 |
$7,458,085 |
$2,719,822
$335,614 |
$4,402,649 |
| 18 |
$7,831,046 |
$2,857,817
$352,397 |
$4,620,832 |
| 19 |
$8,222,621 |
$3,002,700
$370,018 |
$4,849,903 |
| 20 |
$8,633,718 |
$3,154,806
$388,517 |
$5,090,395 |
| 21 |
$9,065,472 |
$3,314,555
$407,946 |
$5,342,971 |
| 22 |
$9,518,791 |
$3,482,283
$428,346 |
$5,608,162 |
| 23 |
$9,994,583 |
$3,658,326
$449,756 |
$5,886,501 |
| 24 |
$10,494,437 |
$3,843,272
$472,250 |
$6,178,915 |
| 25 |
$11,019,034 |
$4,037,373
$495,857 |
$6,485,804 |
| 26 |
$11,570,190 |
$4,241,301
$520,659 |
$6,808,230 |
| 27 |
$12,148,586 |
$4,455,307
$546,686 |
$7,146,593 |
| 28 |
$12,756,038 |
$4,680,064
$574,022 |
$7,501,952 |
| 29 |
$13,393,908 |
$4,916,076
$602,726 |
$7,875,106 |
| 30 |
$14,063,558 |
$5,163,847
$632,860 |
$8,266,851 |
|
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