The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(4.5%) | $8,217,000 | | Net Lumpsum Payment | $106,860,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$279,723 |
$3,676,066 |
| 2 |
$6,527,052 |
$2,375,340
$293,717 |
$3,857,995 |
| 3 |
$6,853,322 |
$2,496,060
$308,399 |
$4,048,863 |
| 4 |
$7,196,112 |
$2,622,892
$323,825 |
$4,249,395 |
| 5 |
$7,555,835 |
$2,755,989
$340,013 |
$4,459,833 |
| 6 |
$7,933,730 |
$2,895,810
$357,018 |
$4,680,902 |
| 7 |
$8,330,210 |
$3,042,508
$374,859 |
$4,912,843 |
| 8 |
$8,746,927 |
$3,196,693
$393,612 |
$5,156,622 |
| 9 |
$9,184,294 |
$3,358,519
$413,293 |
$5,412,482 |
| 10 |
$9,643,550 |
$3,528,444
$433,960 |
$5,681,146 |
| 11 |
$10,125,521 |
$3,706,773
$455,648 |
$5,963,100 |
| 12 |
$10,631,859 |
$3,894,118
$478,434 |
$6,259,307 |
| 13 |
$11,163,390 |
$4,090,785
$502,353 |
$6,570,252 |
| 14 |
$11,721,766 |
$4,297,384
$527,479 |
$6,896,903 |
| 15 |
$12,307,813 |
$4,514,221
$553,852 |
$7,239,740 |
| 16 |
$12,923,183 |
$4,741,908
$581,543 |
$7,599,732 |
| 17 |
$13,569,115 |
$4,980,903
$610,610 |
$7,977,602 |
| 18 |
$14,247,674 |
$5,231,970
$641,145 |
$8,374,559 |
| 19 |
$14,960,099 |
$5,495,567
$673,204 |
$8,791,328 |
| 20 |
$15,708,042 |
$5,772,306
$706,862 |
$9,228,874 |
| 21 |
$16,493,568 |
$6,062,951
$742,211 |
$9,688,406 |
| 22 |
$17,318,329 |
$6,368,112
$779,325 |
$10,170,892 |
| 23 |
$18,183,977 |
$6,688,402
$818,279 |
$10,677,296 |
| 24 |
$19,093,403 |
$7,024,889
$859,203 |
$11,209,311 |
| 25 |
$20,047,846 |
$7,378,033
$902,153 |
$11,767,660 |
| 26 |
$21,050,610 |
$7,749,056
$947,277 |
$12,354,277 |
| 27 |
$22,102,934 |
$8,138,416
$994,632 |
$12,969,886 |
| 28 |
$23,208,122 |
$8,547,336
$1,044,365 |
$13,616,421 |
| 29 |
$24,368,652 |
$8,976,732
$1,096,589 |
$14,295,331 |
| 30 |
$25,587,002 |
$9,427,521
$1,151,415 |
$15,008,066 |
|
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