The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(4.5%) | $3,055,500 | | Net Lumpsum Payment | $39,761,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$101,594 |
$1,360,395 |
| 2 |
$2,370,600 |
$837,452
$106,677 |
$1,426,471 |
| 3 |
$2,489,100 |
$881,297
$112,010 |
$1,495,793 |
| 4 |
$2,613,600 |
$927,362
$117,612 |
$1,568,626 |
| 5 |
$2,744,250 |
$975,703
$123,491 |
$1,645,056 |
| 6 |
$2,881,500 |
$1,026,485
$129,668 |
$1,725,347 |
| 7 |
$3,025,500 |
$1,079,765
$136,148 |
$1,809,587 |
| 8 |
$3,176,850 |
$1,135,765
$142,958 |
$1,898,127 |
| 9 |
$3,335,700 |
$1,194,539
$150,107 |
$1,991,054 |
| 10 |
$3,502,500 |
$1,256,255
$157,613 |
$2,088,632 |
| 11 |
$3,677,550 |
$1,321,024
$165,490 |
$2,191,036 |
| 12 |
$3,861,450 |
$1,389,067
$173,765 |
$2,298,618 |
| 13 |
$4,054,500 |
$1,460,495
$182,453 |
$2,411,552 |
| 14 |
$4,257,300 |
$1,535,531
$191,579 |
$2,530,190 |
| 15 |
$4,470,150 |
$1,614,286
$201,157 |
$2,654,707 |
| 16 |
$4,693,650 |
$1,696,981
$211,214 |
$2,785,455 |
| 17 |
$4,928,250 |
$1,783,783
$221,771 |
$2,922,696 |
| 18 |
$5,174,700 |
$1,874,969
$232,862 |
$3,066,869 |
| 19 |
$5,433,450 |
$1,970,707
$244,505 |
$3,218,238 |
| 20 |
$5,705,100 |
$2,071,217
$256,730 |
$3,377,153 |
| 21 |
$5,990,400 |
$2,176,778
$269,568 |
$3,544,054 |
| 22 |
$6,289,950 |
$2,287,612
$283,048 |
$3,719,290 |
| 23 |
$6,604,350 |
$2,403,940
$297,196 |
$3,903,214 |
| 24 |
$6,934,650 |
$2,526,151
$312,059 |
$4,096,440 |
| 25 |
$7,281,300 |
$2,654,411
$327,659 |
$4,299,230 |
| 26 |
$7,645,500 |
$2,789,165
$344,048 |
$4,512,287 |
| 27 |
$8,027,700 |
$2,930,579
$361,247 |
$4,735,874 |
| 28 |
$8,429,100 |
$3,079,097
$379,310 |
$4,970,693 |
| 29 |
$8,850,600 |
$3,235,052
$398,277 |
$5,217,271 |
| 30 |
$9,293,100 |
$3,398,777
$418,190 |
$5,476,133 |
|
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