The jackpot for the MEGA Millions draw on Fri Oct 2, 2026, is projected to be $321 Million, with an option for a cash payout of $131.1 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 Fri Oct 2, 2026 |
|---|
| Draw Date | Fri Oct 2, 2026 | | Projected Jackpot | $321,000,000 | | Cash Value | $131,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $131,100,000 | | Federal Tax(24%) | $31,464,000 | | Additional Federal Tax | $17,003,330 | | State Tax(4.5%) | $5,899,500 | | Net Lumpsum Payment | $76,733,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,831,371 |
$1,747,938
$217,412 |
$2,866,021 |
| 2 |
$5,073,084 |
$1,837,371
$228,289 |
$3,007,424 |
| 3 |
$5,326,674 |
$1,931,200
$239,700 |
$3,155,774 |
| 4 |
$5,593,104 |
$2,029,779
$251,690 |
$3,311,635 |
| 5 |
$5,872,695 |
$2,133,228
$264,271 |
$3,475,196 |
| 6 |
$6,166,410 |
$2,241,902
$277,488 |
$3,647,020 |
| 7 |
$6,474,570 |
$2,355,921
$291,356 |
$3,827,293 |
| 8 |
$6,798,459 |
$2,475,760
$305,931 |
$4,016,768 |
| 9 |
$7,138,398 |
$2,601,538
$321,228 |
$4,215,632 |
| 10 |
$7,495,350 |
$2,733,610
$337,291 |
$4,424,449 |
| 11 |
$7,869,957 |
$2,872,214
$354,148 |
$4,643,595 |
| 12 |
$8,263,503 |
$3,017,826
$371,858 |
$4,873,819 |
| 13 |
$8,676,630 |
$3,170,683
$390,448 |
$5,115,499 |
| 14 |
$9,110,622 |
$3,331,261
$409,978 |
$5,369,383 |
| 15 |
$9,566,121 |
$3,499,795
$430,475 |
$5,635,851 |
| 16 |
$10,044,411 |
$3,676,762
$451,998 |
$5,915,651 |
| 17 |
$10,546,455 |
$3,862,519
$474,590 |
$6,209,346 |
| 18 |
$11,073,858 |
$4,057,658
$498,324 |
$6,517,876 |
| 19 |
$11,627,583 |
$4,262,536
$523,241 |
$6,841,806 |
| 20 |
$12,208,914 |
$4,477,629
$549,401 |
$7,181,884 |
| 21 |
$12,819,456 |
$4,703,529
$576,876 |
$7,539,051 |
| 22 |
$13,460,493 |
$4,940,713
$605,722 |
$7,914,058 |
| 23 |
$14,133,309 |
$5,189,655
$635,999 |
$8,307,655 |
| 24 |
$14,840,151 |
$5,451,186
$667,807 |
$8,721,158 |
| 25 |
$15,581,982 |
$5,725,664
$701,189 |
$9,155,129 |
| 26 |
$16,361,370 |
$6,014,037
$736,262 |
$9,611,071 |
| 27 |
$17,179,278 |
$6,316,663
$773,068 |
$10,089,547 |
| 28 |
$18,038,274 |
$6,634,492
$811,722 |
$10,592,060 |
| 29 |
$18,940,284 |
$6,968,235
$852,313 |
$11,119,736 |
| 30 |
$19,887,234 |
$7,318,607
$894,926 |
$11,673,701 |
|
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