The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(4.5%) | $14,553,000 | | Net Lumpsum Payment | $189,228,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$503,230 |
$6,581,662 |
| 2 |
$11,742,372 |
$4,305,008
$528,407 |
$6,908,957 |
| 3 |
$12,329,342 |
$4,522,187
$554,820 |
$7,252,335 |
| 4 |
$12,946,032 |
$4,750,362
$582,571 |
$7,613,099 |
| 5 |
$13,593,185 |
$4,989,809
$611,693 |
$7,991,683 |
| 6 |
$14,273,030 |
$5,241,351
$642,286 |
$8,389,393 |
| 7 |
$14,986,310 |
$5,505,265
$674,384 |
$8,806,661 |
| 8 |
$15,735,997 |
$5,782,649
$708,120 |
$9,245,228 |
| 9 |
$16,522,834 |
$6,073,779
$743,528 |
$9,705,527 |
| 10 |
$17,349,050 |
$6,379,479
$780,707 |
$10,188,864 |
| 11 |
$18,216,131 |
$6,700,299
$819,726 |
$10,696,106 |
| 12 |
$19,127,049 |
$7,037,339
$860,717 |
$11,228,993 |
| 13 |
$20,083,290 |
$7,391,148
$903,748 |
$11,788,394 |
| 14 |
$21,087,826 |
$7,762,826
$948,952 |
$12,376,048 |
| 15 |
$22,142,143 |
$8,152,923
$996,396 |
$12,992,824 |
| 16 |
$23,249,213 |
$8,562,539
$1,046,215 |
$13,640,459 |
| 17 |
$24,411,265 |
$8,992,498
$1,098,507 |
$14,320,260 |
| 18 |
$25,632,014 |
$9,444,176
$1,153,441 |
$15,034,397 |
| 19 |
$26,913,689 |
$9,918,395
$1,211,116 |
$15,784,178 |
| 20 |
$28,259,262 |
$10,416,257
$1,271,667 |
$16,571,338 |
| 21 |
$29,672,448 |
$10,939,136
$1,335,260 |
$17,398,052 |
| 22 |
$31,156,219 |
$11,488,131
$1,402,030 |
$18,266,058 |
| 23 |
$32,713,547 |
$12,064,343
$1,472,110 |
$19,177,094 |
| 24 |
$34,349,633 |
$12,669,695
$1,545,733 |
$20,134,205 |
| 25 |
$36,066,706 |
$13,305,012
$1,623,002 |
$21,138,692 |
| 26 |
$37,870,710 |
$13,972,493
$1,704,182 |
$22,194,035 |
| 27 |
$39,763,874 |
$14,672,964
$1,789,374 |
$23,301,536 |
| 28 |
$41,752,142 |
$15,408,623
$1,878,846 |
$24,464,673 |
| 29 |
$43,839,972 |
$16,181,120
$1,972,799 |
$25,686,053 |
| 30 |
$46,031,822 |
$16,992,105
$2,071,432 |
$26,968,285 |
|
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