The jackpot for the MEGA Millions draw on Tue Jan 27, 2026, is projected to be $285 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 Tue Jan 27, 2026 |
|---|
| Draw Date | Tue Jan 27, 2026 | | Projected Jackpot | $285,000,000 | | 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 |
$4,289,535 |
$1,547,458
$193,029 |
$2,549,048 |
| 2 |
$4,504,140 |
$1,626,862
$202,686 |
$2,674,592 |
| 3 |
$4,729,290 |
$1,710,168
$212,818 |
$2,806,304 |
| 4 |
$4,965,840 |
$1,797,691
$223,463 |
$2,944,686 |
| 5 |
$5,214,075 |
$1,889,538
$234,633 |
$3,089,904 |
| 6 |
$5,474,850 |
$1,986,025
$246,368 |
$3,242,457 |
| 7 |
$5,748,450 |
$2,087,257
$258,680 |
$3,402,513 |
| 8 |
$6,036,015 |
$2,193,656
$271,621 |
$3,570,738 |
| 9 |
$6,337,830 |
$2,305,327
$285,202 |
$3,747,301 |
| 10 |
$6,654,750 |
$2,422,588
$299,464 |
$3,932,698 |
| 11 |
$6,987,345 |
$2,545,648
$314,431 |
$4,127,266 |
| 12 |
$7,336,755 |
$2,674,930
$330,154 |
$4,331,671 |
| 13 |
$7,703,550 |
$2,810,644
$346,660 |
$4,546,246 |
| 14 |
$8,088,870 |
$2,953,212
$363,999 |
$4,771,659 |
| 15 |
$8,493,285 |
$3,102,846
$382,198 |
$5,008,241 |
| 16 |
$8,917,935 |
$3,259,966
$401,307 |
$5,256,662 |
| 17 |
$9,363,675 |
$3,424,890
$421,365 |
$5,517,420 |
| 18 |
$9,831,930 |
$3,598,144
$442,437 |
$5,791,349 |
| 19 |
$10,323,555 |
$3,780,046
$464,560 |
$6,078,949 |
| 20 |
$10,839,690 |
$3,971,016
$487,786 |
$6,380,888 |
| 21 |
$11,381,760 |
$4,171,582
$512,179 |
$6,697,999 |
| 22 |
$11,950,905 |
$4,382,165
$537,791 |
$7,030,949 |
| 23 |
$12,548,265 |
$4,603,188
$564,672 |
$7,380,405 |
| 24 |
$13,175,835 |
$4,835,389
$592,913 |
$7,747,533 |
| 25 |
$13,834,470 |
$5,079,084
$622,551 |
$8,132,835 |
| 26 |
$14,526,450 |
$5,335,117
$653,690 |
$8,537,643 |
| 27 |
$15,252,630 |
$5,603,803
$686,368 |
$8,962,459 |
| 28 |
$16,015,290 |
$5,885,988
$720,688 |
$9,408,614 |
| 29 |
$16,816,140 |
$6,182,302
$756,726 |
$9,877,112 |
| 30 |
$17,656,890 |
$6,493,380
$794,560 |
$10,368,950 |
|
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