The jackpot for the MEGA Millions draw on Tue Sep 30, 2025, is projected to be $497 Million, with an option for a cash payout of $229.5 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 Sep 30, 2025 |
|---|
| Draw Date | Tue Sep 30, 2025 | | Projected Jackpot | $497,000,000 | | Cash Value | $229,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $229,500,000 | | Federal Tax(24%) | $55,080,000 | | Additional Federal Tax | $29,795,330 | | State Tax(4.5%) | $10,327,500 | | Net Lumpsum Payment | $134,297,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,480,347 |
$2,728,059
$336,616 |
$4,415,672 |
| 2 |
$7,854,588 |
$2,866,528
$353,456 |
$4,634,604 |
| 3 |
$8,247,218 |
$3,011,801
$371,125 |
$4,864,292 |
| 4 |
$8,659,728 |
$3,164,430
$389,688 |
$5,105,610 |
| 5 |
$9,092,615 |
$3,324,598
$409,168 |
$5,358,849 |
| 6 |
$9,547,370 |
$3,492,857
$429,632 |
$5,624,881 |
| 7 |
$10,024,490 |
$3,669,392
$451,102 |
$5,903,996 |
| 8 |
$10,525,963 |
$3,854,937
$473,668 |
$6,197,358 |
| 9 |
$11,052,286 |
$4,049,676
$497,353 |
$6,505,257 |
| 10 |
$11,604,950 |
$4,254,162
$522,223 |
$6,828,565 |
| 11 |
$12,184,949 |
$4,468,762
$548,323 |
$7,167,864 |
| 12 |
$12,794,271 |
$4,694,211
$575,742 |
$7,524,318 |
| 13 |
$13,433,910 |
$4,930,877
$604,526 |
$7,898,507 |
| 14 |
$14,105,854 |
$5,179,496
$634,763 |
$8,291,595 |
| 15 |
$14,811,097 |
$5,440,436
$666,499 |
$8,704,162 |
| 16 |
$15,551,627 |
$5,714,432
$699,823 |
$9,137,372 |
| 17 |
$16,328,935 |
$6,002,036
$734,802 |
$9,592,097 |
| 18 |
$17,145,506 |
$6,304,168
$771,548 |
$10,069,790 |
| 19 |
$18,002,831 |
$6,621,378
$810,127 |
$10,571,326 |
| 20 |
$18,902,898 |
$6,954,403
$850,630 |
$11,097,865 |
| 21 |
$19,848,192 |
$7,304,161
$893,169 |
$11,650,862 |
| 22 |
$20,840,701 |
$7,671,390
$937,832 |
$12,231,479 |
| 23 |
$21,882,413 |
$8,056,823
$984,709 |
$12,840,881 |
| 24 |
$22,976,807 |
$8,461,749
$1,033,956 |
$13,481,102 |
| 25 |
$24,125,374 |
$8,886,719
$1,085,642 |
$14,153,013 |
| 26 |
$25,332,090 |
$9,333,204
$1,139,944 |
$14,858,942 |
| 27 |
$26,598,446 |
$9,801,755
$1,196,930 |
$15,599,761 |
| 28 |
$27,928,418 |
$10,293,845
$1,256,779 |
$16,377,794 |
| 29 |
$29,324,988 |
$10,810,576
$1,319,624 |
$17,194,788 |
| 30 |
$30,791,138 |
$11,353,051
$1,385,601 |
$18,052,486 |
|
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