The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(4.5%) | $3,384,000 | | Net Lumpsum Payment | $44,031,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$112,431 |
$1,501,272 |
| 2 |
$2,623,464 |
$931,012
$118,056 |
$1,574,396 |
| 3 |
$2,754,604 |
$979,534
$123,957 |
$1,651,113 |
| 4 |
$2,892,384 |
$1,030,512
$130,157 |
$1,731,715 |
| 5 |
$3,036,970 |
$1,084,009
$136,664 |
$1,816,297 |
| 6 |
$3,188,860 |
$1,140,209
$143,499 |
$1,905,152 |
| 7 |
$3,348,220 |
$1,199,172
$150,670 |
$1,998,378 |
| 8 |
$3,515,714 |
$1,261,145
$158,207 |
$2,096,362 |
| 9 |
$3,691,508 |
$1,326,188
$166,118 |
$2,199,202 |
| 10 |
$3,876,100 |
$1,394,487
$174,425 |
$2,307,188 |
| 11 |
$4,069,822 |
$1,466,165
$183,142 |
$2,420,515 |
| 12 |
$4,273,338 |
$1,541,465
$192,300 |
$2,539,573 |
| 13 |
$4,486,980 |
$1,620,513
$201,914 |
$2,664,553 |
| 14 |
$4,711,412 |
$1,703,553
$212,014 |
$2,795,845 |
| 15 |
$4,946,966 |
$1,790,708
$222,613 |
$2,933,645 |
| 16 |
$5,194,306 |
$1,882,224
$233,744 |
$3,078,338 |
| 17 |
$5,453,930 |
$1,978,284
$245,427 |
$3,230,219 |
| 18 |
$5,726,668 |
$2,079,198
$257,700 |
$3,389,770 |
| 19 |
$6,013,018 |
$2,185,147
$270,586 |
$3,557,285 |
| 20 |
$6,313,644 |
$2,296,379
$284,114 |
$3,733,151 |
| 21 |
$6,629,376 |
$2,413,200
$298,322 |
$3,917,854 |
| 22 |
$6,960,878 |
$2,535,855
$313,240 |
$4,111,783 |
| 23 |
$7,308,814 |
$2,664,592
$328,897 |
$4,315,325 |
| 24 |
$7,674,346 |
$2,799,838
$345,346 |
$4,529,162 |
| 25 |
$8,057,972 |
$2,941,780
$362,609 |
$4,753,583 |
| 26 |
$8,461,020 |
$3,090,908
$380,746 |
$4,989,366 |
| 27 |
$8,883,988 |
$3,247,406
$399,779 |
$5,236,803 |
| 28 |
$9,328,204 |
$3,411,766
$419,769 |
$5,496,669 |
| 29 |
$9,794,664 |
$3,584,356
$440,760 |
$5,769,548 |
| 30 |
$10,284,364 |
$3,765,545
$462,796 |
$6,056,023 |
|
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