The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 Fri Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(4.5%) | $4,072,500 | | Net Lumpsum Payment | $52,982,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$134,782 |
$1,791,831 |
| 2 |
$3,144,996 |
$1,123,979
$141,525 |
$1,879,492 |
| 3 |
$3,302,206 |
$1,182,147
$148,599 |
$1,971,460 |
| 4 |
$3,467,376 |
$1,243,260
$156,032 |
$2,068,084 |
| 5 |
$3,640,705 |
$1,307,391
$163,832 |
$2,169,482 |
| 6 |
$3,822,790 |
$1,374,763
$172,026 |
$2,276,001 |
| 7 |
$4,013,830 |
$1,445,447
$180,622 |
$2,387,761 |
| 8 |
$4,214,621 |
$1,519,740
$189,658 |
$2,505,223 |
| 9 |
$4,425,362 |
$1,597,714
$199,141 |
$2,628,507 |
| 10 |
$4,646,650 |
$1,679,591
$209,099 |
$2,757,960 |
| 11 |
$4,878,883 |
$1,765,517
$219,550 |
$2,893,816 |
| 12 |
$5,122,857 |
$1,855,787
$230,529 |
$3,036,541 |
| 13 |
$5,378,970 |
$1,950,549
$242,054 |
$3,186,367 |
| 14 |
$5,648,018 |
$2,050,097
$254,161 |
$3,343,760 |
| 15 |
$5,930,399 |
$2,154,578
$266,868 |
$3,508,953 |
| 16 |
$6,226,909 |
$2,264,287
$280,211 |
$3,682,411 |
| 17 |
$6,538,145 |
$2,379,444
$294,217 |
$3,864,484 |
| 18 |
$6,865,102 |
$2,500,418
$308,930 |
$4,055,754 |
| 19 |
$7,208,377 |
$2,627,430
$324,377 |
$4,256,570 |
| 20 |
$7,568,766 |
$2,760,774
$340,594 |
$4,467,398 |
| 21 |
$7,947,264 |
$2,900,818
$357,627 |
$4,688,819 |
| 22 |
$8,344,667 |
$3,047,857
$375,510 |
$4,921,300 |
| 23 |
$8,761,771 |
$3,202,186
$394,280 |
$5,165,305 |
| 24 |
$9,199,969 |
$3,364,319
$413,999 |
$5,421,651 |
| 25 |
$9,659,858 |
$3,534,478
$434,694 |
$5,690,686 |
| 26 |
$10,143,030 |
$3,713,251
$456,436 |
$5,973,343 |
| 27 |
$10,650,082 |
$3,900,861
$479,254 |
$6,269,967 |
| 28 |
$11,182,606 |
$4,097,895
$503,217 |
$6,581,494 |
| 29 |
$11,741,796 |
$4,304,795
$528,381 |
$6,908,620 |
| 30 |
$12,328,846 |
$4,522,003
$554,798 |
$7,252,045 |
|
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