The jackpot for the MEGA Millions draw on Fri Jun 20, 2025, is projected to be $302 Million, with an option for a cash payout of $136 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 Jun 20, 2025 |
|---|
| Draw Date | Fri Jun 20, 2025 | | Projected Jackpot | $302,000,000 | | Cash Value | $136,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,000,000 | | Federal Tax(24%) | $32,640,000 | | Additional Federal Tax | $17,640,330 | | State Tax(4.5%) | $6,120,000 | | Net Lumpsum Payment | $79,599,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,545,402 |
$1,642,129
$204,543 |
$2,698,730 |
| 2 |
$4,772,808 |
$1,726,269
$214,776 |
$2,831,763 |
| 3 |
$5,011,388 |
$1,814,544
$225,512 |
$2,971,332 |
| 4 |
$5,262,048 |
$1,907,288
$236,792 |
$3,117,968 |
| 5 |
$5,525,090 |
$2,004,614
$248,629 |
$3,271,847 |
| 6 |
$5,801,420 |
$2,106,856
$261,064 |
$3,433,500 |
| 7 |
$6,091,340 |
$2,214,126
$274,110 |
$3,603,104 |
| 8 |
$6,396,058 |
$2,326,872
$287,823 |
$3,781,363 |
| 9 |
$6,715,876 |
$2,445,205
$302,214 |
$3,968,457 |
| 10 |
$7,051,700 |
$2,569,459
$317,327 |
$4,164,914 |
| 11 |
$7,404,134 |
$2,699,860
$333,186 |
$4,371,088 |
| 12 |
$7,774,386 |
$2,836,853
$349,847 |
$4,587,686 |
| 13 |
$8,163,060 |
$2,980,663
$367,338 |
$4,815,059 |
| 14 |
$8,571,364 |
$3,131,735
$385,711 |
$5,053,918 |
| 15 |
$8,999,902 |
$3,290,294
$404,996 |
$5,304,612 |
| 16 |
$9,449,882 |
$3,456,787
$425,245 |
$5,567,850 |
| 17 |
$9,922,210 |
$3,631,548
$446,499 |
$5,844,163 |
| 18 |
$10,418,396 |
$3,815,137
$468,828 |
$6,134,431 |
| 19 |
$10,939,346 |
$4,007,888
$492,271 |
$6,439,187 |
| 20 |
$11,486,268 |
$4,210,250
$516,882 |
$6,759,136 |
| 21 |
$12,060,672 |
$4,422,779
$542,730 |
$7,095,163 |
| 22 |
$12,663,766 |
$4,645,924
$569,869 |
$7,447,973 |
| 23 |
$13,296,758 |
$4,880,131
$598,354 |
$7,818,273 |
| 24 |
$13,961,762 |
$5,126,182
$628,279 |
$8,207,301 |
| 25 |
$14,659,684 |
$5,384,413
$659,686 |
$8,615,585 |
| 26 |
$15,392,940 |
$5,655,718
$692,682 |
$9,044,540 |
| 27 |
$16,162,436 |
$5,940,432
$727,310 |
$9,494,694 |
| 28 |
$16,970,588 |
$6,239,448
$763,676 |
$9,967,464 |
| 29 |
$17,819,208 |
$6,553,437
$801,864 |
$10,463,907 |
| 30 |
$18,710,108 |
$6,883,070
$841,955 |
$10,985,083 |
|
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