The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(4.5%) | $8,392,500 | | Net Lumpsum Payment | $109,142,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$300,042 |
$3,940,211 |
| 2 |
$7,001,172 |
$2,550,764
$315,053 |
$4,135,355 |
| 3 |
$7,351,142 |
$2,680,253
$330,801 |
$4,340,088 |
| 4 |
$7,718,832 |
$2,816,298
$347,347 |
$4,555,187 |
| 5 |
$8,104,685 |
$2,959,064
$364,711 |
$4,780,910 |
| 6 |
$8,510,030 |
$3,109,041
$382,951 |
$5,018,038 |
| 7 |
$8,935,310 |
$3,266,395
$402,089 |
$5,266,826 |
| 8 |
$9,382,297 |
$3,431,780
$422,203 |
$5,528,314 |
| 9 |
$9,851,434 |
$3,605,361
$443,315 |
$5,802,758 |
| 10 |
$10,344,050 |
$3,787,629
$465,482 |
$6,090,939 |
| 11 |
$10,861,031 |
$3,978,912
$488,746 |
$6,393,373 |
| 12 |
$11,404,149 |
$4,179,866
$513,187 |
$6,711,096 |
| 13 |
$11,974,290 |
$4,390,818
$538,843 |
$7,044,629 |
| 14 |
$12,573,226 |
$4,612,424
$565,795 |
$7,395,007 |
| 15 |
$13,201,843 |
$4,845,012
$594,083 |
$7,762,748 |
| 16 |
$13,861,913 |
$5,089,238
$623,786 |
$8,148,889 |
| 17 |
$14,554,765 |
$5,345,593
$654,964 |
$8,554,208 |
| 18 |
$15,282,614 |
$5,614,898
$687,718 |
$8,979,998 |
| 19 |
$16,046,789 |
$5,897,642
$722,106 |
$9,427,041 |
| 20 |
$16,849,062 |
$6,194,483
$758,208 |
$9,896,371 |
| 21 |
$17,691,648 |
$6,506,240
$796,124 |
$10,389,284 |
| 22 |
$18,576,319 |
$6,833,568
$835,934 |
$10,906,817 |
| 23 |
$19,504,847 |
$7,177,124
$877,718 |
$11,450,005 |
| 24 |
$20,480,333 |
$7,538,054
$921,615 |
$12,020,664 |
| 25 |
$21,504,106 |
$7,916,850
$967,685 |
$12,619,571 |
| 26 |
$22,579,710 |
$8,314,823
$1,016,087 |
$13,248,800 |
| 27 |
$23,708,474 |
$8,732,466
$1,066,881 |
$13,909,127 |
| 28 |
$24,893,942 |
$9,171,089
$1,120,227 |
$14,602,626 |
| 29 |
$26,138,772 |
$9,631,676
$1,176,245 |
$15,330,851 |
| 30 |
$27,445,622 |
$10,115,211
$1,235,053 |
$16,095,358 |
|
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