The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(4.5%) | $3,100,500 | | Net Lumpsum Payment | $40,346,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$108,367 |
$1,448,443 |
| 2 |
$2,528,640 |
$895,927
$113,789 |
$1,518,924 |
| 3 |
$2,655,040 |
$942,695
$119,477 |
$1,592,868 |
| 4 |
$2,787,840 |
$991,831
$125,453 |
$1,670,556 |
| 5 |
$2,927,200 |
$1,043,394
$131,724 |
$1,752,082 |
| 6 |
$3,073,600 |
$1,097,562
$138,312 |
$1,837,726 |
| 7 |
$3,227,200 |
$1,154,394
$145,224 |
$1,927,582 |
| 8 |
$3,388,640 |
$1,214,127
$152,489 |
$2,022,024 |
| 9 |
$3,558,080 |
$1,276,820
$160,114 |
$2,121,146 |
| 10 |
$3,736,000 |
$1,342,650
$168,120 |
$2,225,230 |
| 11 |
$3,922,720 |
$1,411,737
$176,522 |
$2,334,461 |
| 12 |
$4,118,880 |
$1,484,316
$185,350 |
$2,449,214 |
| 13 |
$4,324,800 |
$1,560,506
$194,616 |
$2,569,678 |
| 14 |
$4,541,120 |
$1,640,545
$204,350 |
$2,696,225 |
| 15 |
$4,768,160 |
$1,724,550
$214,567 |
$2,829,043 |
| 16 |
$5,006,560 |
$1,812,758
$225,295 |
$2,968,507 |
| 17 |
$5,256,800 |
$1,905,346
$236,556 |
$3,114,898 |
| 18 |
$5,519,680 |
$2,002,612
$248,386 |
$3,268,682 |
| 19 |
$5,795,680 |
$2,104,732
$260,806 |
$3,430,142 |
| 20 |
$6,085,440 |
$2,211,943
$273,845 |
$3,599,652 |
| 21 |
$6,389,760 |
$2,324,542
$287,539 |
$3,777,679 |
| 22 |
$6,709,280 |
$2,442,764
$301,918 |
$3,964,598 |
| 23 |
$7,044,640 |
$2,566,847
$317,009 |
$4,160,784 |
| 24 |
$7,396,960 |
$2,697,206
$332,863 |
$4,366,891 |
| 25 |
$7,766,720 |
$2,834,017
$349,502 |
$4,583,201 |
| 26 |
$8,155,200 |
$2,977,754
$366,984 |
$4,810,462 |
| 27 |
$8,562,880 |
$3,128,596
$385,330 |
$5,048,954 |
| 28 |
$8,991,040 |
$3,287,015
$404,597 |
$5,299,428 |
| 29 |
$9,440,640 |
$3,453,367
$424,829 |
$5,562,444 |
| 30 |
$9,912,640 |
$3,628,007
$446,069 |
$5,838,564 |
|
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