The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(4.5%) | $6,138,000 | | Net Lumpsum Payment | $79,833,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$210,639 |
$2,777,973 |
| 2 |
$4,915,044 |
$1,778,897
$221,177 |
$2,914,970 |
| 3 |
$5,160,734 |
$1,869,802
$232,233 |
$3,058,699 |
| 4 |
$5,418,864 |
$1,965,310
$243,849 |
$3,209,705 |
| 5 |
$5,689,745 |
$2,065,536
$256,039 |
$3,368,170 |
| 6 |
$5,974,310 |
$2,170,825
$268,844 |
$3,534,641 |
| 7 |
$6,272,870 |
$2,281,292
$282,279 |
$3,709,299 |
| 8 |
$6,586,669 |
$2,397,398
$296,400 |
$3,892,871 |
| 9 |
$6,916,018 |
$2,519,257
$311,221 |
$4,085,540 |
| 10 |
$7,261,850 |
$2,647,215
$326,783 |
$4,287,852 |
| 11 |
$7,624,787 |
$2,781,502
$343,115 |
$4,500,170 |
| 12 |
$8,006,073 |
$2,922,577
$360,273 |
$4,723,223 |
| 13 |
$8,406,330 |
$3,070,672
$378,285 |
$4,957,373 |
| 14 |
$8,826,802 |
$3,226,247
$397,206 |
$5,203,349 |
| 15 |
$9,268,111 |
$3,389,531
$417,065 |
$5,461,515 |
| 16 |
$9,731,501 |
$3,560,986
$437,918 |
$5,732,597 |
| 17 |
$10,217,905 |
$3,740,955
$459,806 |
$6,017,144 |
| 18 |
$10,728,878 |
$3,930,015
$482,800 |
$6,316,063 |
| 19 |
$11,265,353 |
$4,128,511
$506,941 |
$6,629,901 |
| 20 |
$11,828,574 |
$4,336,903
$532,286 |
$6,959,385 |
| 21 |
$12,420,096 |
$4,555,766
$558,904 |
$7,305,426 |
| 22 |
$13,041,163 |
$4,785,561
$586,852 |
$7,668,750 |
| 23 |
$13,693,019 |
$5,026,747
$616,186 |
$8,050,086 |
| 24 |
$14,377,841 |
$5,280,132
$647,003 |
$8,450,706 |
| 25 |
$15,096,562 |
$5,546,058
$679,345 |
$8,871,159 |
| 26 |
$15,851,670 |
$5,825,448
$713,325 |
$9,312,897 |
| 27 |
$16,644,098 |
$6,118,647
$748,984 |
$9,776,467 |
| 28 |
$17,476,334 |
$6,426,574
$786,435 |
$10,263,325 |
| 29 |
$18,350,244 |
$6,749,921
$825,761 |
$10,774,562 |
| 30 |
$19,267,694 |
$7,089,377
$867,046 |
$11,311,271 |
|
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