The jackpot for the MEGA Millions draw on Tue Jul 7, 2026, is projected to be $576 Million, with an option for a cash payout of $253.9 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 Jul 7, 2026 |
|---|
| Draw Date | Tue Jul 7, 2026 | | Projected Jackpot | $576,000,000 | | Cash Value | $253,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $253,900,000 | | Federal Tax(24%) | $60,936,000 | | Additional Federal Tax | $32,967,330 | | State Tax(4.5%) | $11,425,500 | | Net Lumpsum Payment | $148,571,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,669,376 |
$3,168,000
$390,122 |
$5,111,254 |
| 2 |
$9,103,104 |
$3,328,479
$409,640 |
$5,364,985 |
| 3 |
$9,558,144 |
$3,496,844
$430,116 |
$5,631,184 |
| 4 |
$10,036,224 |
$3,673,733
$451,630 |
$5,910,861 |
| 5 |
$10,537,920 |
$3,859,361
$474,206 |
$6,204,353 |
| 6 |
$11,064,960 |
$4,054,366
$497,923 |
$6,512,671 |
| 7 |
$11,617,920 |
$4,258,961
$522,806 |
$6,836,153 |
| 8 |
$12,199,104 |
$4,473,999
$548,960 |
$7,176,145 |
| 9 |
$12,809,088 |
$4,699,693
$576,409 |
$7,532,986 |
| 10 |
$13,449,600 |
$4,936,682
$605,232 |
$7,907,686 |
| 11 |
$14,121,792 |
$5,185,393
$635,481 |
$8,300,918 |
| 12 |
$14,827,968 |
$5,446,679
$667,259 |
$8,714,030 |
| 13 |
$15,569,280 |
$5,720,964
$700,618 |
$9,147,698 |
| 14 |
$16,348,032 |
$6,009,102
$735,661 |
$9,603,269 |
| 15 |
$17,165,376 |
$6,311,520
$772,442 |
$10,081,414 |
| 16 |
$18,023,616 |
$6,629,068
$811,063 |
$10,583,485 |
| 17 |
$18,924,480 |
$6,962,388
$851,602 |
$11,110,490 |
| 18 |
$19,870,848 |
$7,312,544
$894,188 |
$11,664,116 |
| 19 |
$20,864,448 |
$7,680,176
$938,900 |
$12,245,372 |
| 20 |
$21,907,584 |
$8,066,136
$985,841 |
$12,855,607 |
| 21 |
$23,003,136 |
$8,471,491
$1,035,141 |
$13,496,504 |
| 22 |
$24,153,408 |
$8,897,091
$1,086,903 |
$14,169,414 |
| 23 |
$25,360,704 |
$9,343,791
$1,141,232 |
$14,875,681 |
| 24 |
$26,629,056 |
$9,813,081
$1,198,308 |
$15,617,667 |
| 25 |
$27,960,192 |
$10,305,601
$1,258,209 |
$16,396,382 |
| 26 |
$29,358,720 |
$10,823,057
$1,321,142 |
$17,214,521 |
| 27 |
$30,826,368 |
$11,366,087
$1,387,187 |
$18,073,094 |
| 28 |
$32,367,744 |
$11,936,396
$1,456,548 |
$18,974,800 |
| 29 |
$33,986,304 |
$12,535,263
$1,529,384 |
$19,921,657 |
| 30 |
$35,685,504 |
$13,163,967
$1,605,848 |
$20,915,689 |
|
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