The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(4.5%) | $5,674,500 | | Net Lumpsum Payment | $73,808,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$189,643 |
$2,505,023 |
| 2 |
$4,425,120 |
$1,597,625
$199,130 |
$2,628,365 |
| 3 |
$4,646,320 |
$1,679,469
$209,084 |
$2,757,767 |
| 4 |
$4,878,720 |
$1,765,457
$219,542 |
$2,893,721 |
| 5 |
$5,122,600 |
$1,855,692
$230,517 |
$3,036,391 |
| 6 |
$5,378,800 |
$1,950,486
$242,046 |
$3,186,268 |
| 7 |
$5,647,600 |
$2,049,942
$254,142 |
$3,343,516 |
| 8 |
$5,930,120 |
$2,154,475
$266,855 |
$3,508,790 |
| 9 |
$6,226,640 |
$2,264,187
$280,199 |
$3,682,254 |
| 10 |
$6,538,000 |
$2,379,390
$294,210 |
$3,864,400 |
| 11 |
$6,864,760 |
$2,500,292
$308,914 |
$4,055,554 |
| 12 |
$7,208,040 |
$2,627,305
$324,362 |
$4,256,373 |
| 13 |
$7,568,400 |
$2,760,638
$340,578 |
$4,467,184 |
| 14 |
$7,946,960 |
$2,900,706
$357,613 |
$4,688,641 |
| 15 |
$8,344,280 |
$3,047,714
$375,493 |
$4,921,073 |
| 16 |
$8,761,480 |
$3,202,078
$394,267 |
$5,165,135 |
| 17 |
$9,199,400 |
$3,364,108
$413,973 |
$5,421,319 |
| 18 |
$9,659,440 |
$3,534,323
$434,675 |
$5,690,442 |
| 19 |
$10,142,440 |
$3,713,033
$456,410 |
$5,972,997 |
| 20 |
$10,649,520 |
$3,900,653
$479,228 |
$6,269,639 |
| 21 |
$11,182,080 |
$4,097,700
$503,194 |
$6,581,186 |
| 22 |
$11,741,240 |
$4,304,589
$528,356 |
$6,908,295 |
| 23 |
$12,328,120 |
$4,521,735
$554,765 |
$7,251,620 |
| 24 |
$12,944,680 |
$4,749,862
$582,511 |
$7,612,307 |
| 25 |
$13,591,760 |
$4,989,282
$611,629 |
$7,990,849 |
| 26 |
$14,271,600 |
$5,240,822
$642,222 |
$8,388,556 |
| 27 |
$14,985,040 |
$5,504,795
$674,327 |
$8,805,918 |
| 28 |
$15,734,320 |
$5,782,029
$708,044 |
$9,244,247 |
| 29 |
$16,521,120 |
$6,073,145
$743,450 |
$9,704,525 |
| 30 |
$17,347,120 |
$6,378,765
$780,620 |
$10,187,735 |
|
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