The jackpot for the MEGA Millions draw on Tue Jan 6, 2026, is projected to be $180 Million, with an option for a cash payout of $81.9 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 Tue Jan 6, 2026 |
|---|
| Draw Date | Tue Jan 6, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $81,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $81,900,000 | | Federal Tax(24%) | $19,656,000 | | Additional Federal Tax | $10,607,330 | | State Tax(4.5%) | $3,685,500 | | Net Lumpsum Payment | $47,951,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$121,913 |
$1,624,540 |
| 2 |
$2,844,720 |
$1,012,877
$128,012 |
$1,703,831 |
| 3 |
$2,986,920 |
$1,065,491
$134,411 |
$1,787,018 |
| 4 |
$3,136,320 |
$1,120,769
$141,134 |
$1,874,417 |
| 5 |
$3,293,100 |
$1,178,777
$148,190 |
$1,966,133 |
| 6 |
$3,457,800 |
$1,239,716
$155,601 |
$2,062,483 |
| 7 |
$3,630,600 |
$1,303,652
$163,377 |
$2,163,571 |
| 8 |
$3,812,220 |
$1,370,852
$171,550 |
$2,269,818 |
| 9 |
$4,002,840 |
$1,441,381
$180,128 |
$2,381,331 |
| 10 |
$4,203,000 |
$1,515,440
$189,135 |
$2,498,425 |
| 11 |
$4,413,060 |
$1,593,163
$198,588 |
$2,621,309 |
| 12 |
$4,633,740 |
$1,674,814
$208,518 |
$2,750,408 |
| 13 |
$4,865,400 |
$1,760,528
$218,943 |
$2,885,929 |
| 14 |
$5,108,760 |
$1,850,572
$229,894 |
$3,028,294 |
| 15 |
$5,364,180 |
$1,945,077
$241,388 |
$3,177,715 |
| 16 |
$5,632,380 |
$2,044,311
$253,457 |
$3,334,612 |
| 17 |
$5,913,900 |
$2,148,473
$266,126 |
$3,499,301 |
| 18 |
$6,209,640 |
$2,257,897
$279,434 |
$3,672,309 |
| 19 |
$6,520,140 |
$2,372,782
$293,406 |
$3,853,952 |
| 20 |
$6,846,120 |
$2,493,395
$308,075 |
$4,044,650 |
| 21 |
$7,188,480 |
$2,620,068
$323,482 |
$4,244,930 |
| 22 |
$7,547,940 |
$2,753,068
$339,657 |
$4,455,215 |
| 23 |
$7,925,220 |
$2,892,662
$356,635 |
$4,675,923 |
| 24 |
$8,321,580 |
$3,039,315
$374,471 |
$4,907,794 |
| 25 |
$8,737,560 |
$3,193,228
$393,190 |
$5,151,142 |
| 26 |
$9,174,600 |
$3,354,932
$412,857 |
$5,406,811 |
| 27 |
$9,633,240 |
$3,524,629
$433,496 |
$5,675,115 |
| 28 |
$10,114,920 |
$3,702,851
$455,171 |
$5,956,898 |
| 29 |
$10,620,720 |
$3,889,997
$477,932 |
$6,252,791 |
| 30 |
$11,151,720 |
$4,086,467
$501,827 |
$6,563,426 |
|
|
