The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(4.5%) | $3,883,500 | | Net Lumpsum Payment | $50,525,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$132,073 |
$1,756,612 |
| 2 |
$3,081,780 |
$1,100,589
$138,680 |
$1,842,511 |
| 3 |
$3,235,830 |
$1,157,587
$145,612 |
$1,932,631 |
| 4 |
$3,397,680 |
$1,217,472
$152,896 |
$2,027,312 |
| 5 |
$3,567,525 |
$1,280,315
$160,539 |
$2,126,671 |
| 6 |
$3,745,950 |
$1,346,332
$168,568 |
$2,231,050 |
| 7 |
$3,933,150 |
$1,415,596
$176,992 |
$2,340,562 |
| 8 |
$4,129,905 |
$1,488,395
$185,846 |
$2,455,664 |
| 9 |
$4,336,410 |
$1,564,802
$195,138 |
$2,576,470 |
| 10 |
$4,553,250 |
$1,645,033
$204,896 |
$2,703,321 |
| 11 |
$4,780,815 |
$1,729,232
$215,137 |
$2,836,446 |
| 12 |
$5,019,885 |
$1,817,688
$225,895 |
$2,976,302 |
| 13 |
$5,270,850 |
$1,910,545
$237,188 |
$3,123,117 |
| 14 |
$5,534,490 |
$2,008,092
$249,052 |
$3,277,346 |
| 15 |
$5,811,195 |
$2,110,473
$261,504 |
$3,439,218 |
| 16 |
$6,101,745 |
$2,217,976
$274,579 |
$3,609,190 |
| 17 |
$6,406,725 |
$2,330,819
$288,303 |
$3,787,603 |
| 18 |
$6,727,110 |
$2,449,361
$302,720 |
$3,975,029 |
| 19 |
$7,063,485 |
$2,573,820
$317,857 |
$4,171,808 |
| 20 |
$7,416,630 |
$2,704,483
$333,748 |
$4,378,399 |
| 21 |
$7,787,520 |
$2,841,713
$350,438 |
$4,595,369 |
| 22 |
$8,176,935 |
$2,985,796
$367,962 |
$4,823,177 |
| 23 |
$8,585,655 |
$3,137,023
$386,354 |
$5,062,278 |
| 24 |
$9,015,045 |
$3,295,897
$405,677 |
$5,313,471 |
| 25 |
$9,465,690 |
$3,462,636
$425,956 |
$5,577,098 |
| 26 |
$9,939,150 |
$3,637,816
$447,262 |
$5,854,072 |
| 27 |
$10,436,010 |
$3,821,654
$469,620 |
$6,144,736 |
| 28 |
$10,957,830 |
$4,014,727
$493,102 |
$6,450,001 |
| 29 |
$11,505,780 |
$4,217,469
$517,760 |
$6,770,551 |
| 30 |
$12,081,030 |
$4,430,311
$543,646 |
$7,107,073 |
|
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