The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Fri Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(4.5%) | $9,598,500 | | Net Lumpsum Payment | $124,820,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$342,034 |
$4,486,111 |
| 2 |
$7,981,020 |
$2,913,308
$359,146 |
$4,708,566 |
| 3 |
$8,379,970 |
$3,060,919
$377,099 |
$4,941,952 |
| 4 |
$8,799,120 |
$3,216,005
$395,960 |
$5,187,155 |
| 5 |
$9,238,975 |
$3,378,751
$415,754 |
$5,444,470 |
| 6 |
$9,701,050 |
$3,549,719
$436,547 |
$5,714,784 |
| 7 |
$10,185,850 |
$3,729,095
$458,363 |
$5,998,392 |
| 8 |
$10,695,395 |
$3,917,627
$481,293 |
$6,296,475 |
| 9 |
$11,230,190 |
$4,115,501
$505,359 |
$6,609,330 |
| 10 |
$11,791,750 |
$4,323,278
$530,629 |
$6,937,843 |
| 11 |
$12,381,085 |
$4,541,332
$557,149 |
$7,282,604 |
| 12 |
$13,000,215 |
$4,770,410
$585,010 |
$7,644,795 |
| 13 |
$13,650,150 |
$5,010,886
$614,257 |
$8,025,007 |
| 14 |
$14,332,910 |
$5,263,507
$644,981 |
$8,424,422 |
| 15 |
$15,049,505 |
$5,528,647
$677,228 |
$8,843,630 |
| 16 |
$15,801,955 |
$5,807,054
$711,088 |
$9,283,813 |
| 17 |
$16,591,775 |
$6,099,287
$746,630 |
$9,745,858 |
| 18 |
$17,421,490 |
$6,406,282
$783,967 |
$10,231,241 |
| 19 |
$18,292,615 |
$6,728,598
$823,168 |
$10,740,849 |
| 20 |
$19,207,170 |
$7,066,983
$864,323 |
$11,275,864 |
| 21 |
$20,167,680 |
$7,422,372
$907,546 |
$11,837,762 |
| 22 |
$21,176,165 |
$7,795,511
$952,927 |
$12,427,727 |
| 23 |
$22,234,645 |
$8,187,149
$1,000,559 |
$13,046,937 |
| 24 |
$23,346,655 |
$8,598,593
$1,050,599 |
$13,697,463 |
| 25 |
$24,513,710 |
$9,030,403
$1,103,117 |
$14,380,190 |
| 26 |
$25,739,850 |
$9,484,075
$1,158,293 |
$15,097,482 |
| 27 |
$27,026,590 |
$9,960,169
$1,216,197 |
$15,850,224 |
| 28 |
$28,377,970 |
$10,460,179
$1,277,009 |
$16,640,782 |
| 29 |
$29,797,020 |
$10,985,228
$1,340,866 |
$17,470,926 |
| 30 |
$31,286,770 |
$11,536,435
$1,407,905 |
$18,342,430 |
|
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