The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(4.5%) | $5,787,000 | | Net Lumpsum Payment | $75,270,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$200,479 |
$2,645,901 |
| 2 |
$4,677,984 |
$1,691,184
$210,509 |
$2,776,291 |
| 3 |
$4,911,824 |
$1,777,705
$221,032 |
$2,913,087 |
| 4 |
$5,157,504 |
$1,868,607
$232,088 |
$3,056,809 |
| 5 |
$5,415,320 |
$1,963,999
$243,689 |
$3,207,632 |
| 6 |
$5,686,160 |
$2,064,210
$255,877 |
$3,366,073 |
| 7 |
$5,970,320 |
$2,169,349
$268,664 |
$3,532,307 |
| 8 |
$6,268,984 |
$2,279,854
$282,104 |
$3,707,026 |
| 9 |
$6,582,448 |
$2,395,836
$296,210 |
$3,890,402 |
| 10 |
$6,911,600 |
$2,517,622
$311,022 |
$4,082,956 |
| 11 |
$7,257,032 |
$2,645,432
$326,566 |
$4,285,034 |
| 12 |
$7,619,928 |
$2,779,704
$342,897 |
$4,497,327 |
| 13 |
$8,000,880 |
$2,920,656
$360,040 |
$4,720,184 |
| 14 |
$8,401,072 |
$3,068,727
$378,048 |
$4,954,297 |
| 15 |
$8,821,096 |
$3,224,136
$396,949 |
$5,200,011 |
| 16 |
$9,262,136 |
$3,387,321
$416,796 |
$5,458,019 |
| 17 |
$9,725,080 |
$3,558,610
$437,629 |
$5,728,841 |
| 18 |
$10,211,408 |
$3,738,551
$459,513 |
$6,013,344 |
| 19 |
$10,722,008 |
$3,927,473
$482,490 |
$6,312,045 |
| 20 |
$11,258,064 |
$4,125,814
$506,613 |
$6,625,637 |
| 21 |
$11,821,056 |
$4,334,121
$531,948 |
$6,954,987 |
| 22 |
$12,412,168 |
$4,552,833
$558,548 |
$7,300,787 |
| 23 |
$13,032,584 |
$4,782,386
$586,466 |
$7,663,732 |
| 24 |
$13,684,376 |
$5,023,550
$615,797 |
$8,045,029 |
| 25 |
$14,368,432 |
$5,276,650
$646,579 |
$8,445,203 |
| 26 |
$15,087,120 |
$5,542,565
$678,920 |
$8,865,635 |
| 27 |
$15,841,328 |
$5,821,622
$712,860 |
$9,306,846 |
| 28 |
$16,633,424 |
$6,114,697
$748,504 |
$9,770,223 |
| 29 |
$17,465,184 |
$6,422,448
$785,933 |
$10,256,803 |
| 30 |
$18,338,384 |
$6,745,532
$825,227 |
$10,767,625 |
|
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