The jackpot for the MEGA Millions draw on Fri May 8, 2026, is projected to be $215 Million, with an option for a cash payout of $95.2 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 May 8, 2026 |
|---|
| Draw Date | Fri May 8, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $95,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $95,200,000 | | Federal Tax(24%) | $22,848,000 | | Additional Federal Tax | $12,336,330 | | State Tax(4.5%) | $4,284,000 | | Net Lumpsum Payment | $55,731,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$145,618 |
$1,932,710 |
| 2 |
$3,397,860 |
$1,217,539
$152,904 |
$2,027,417 |
| 3 |
$3,567,710 |
$1,280,383
$160,547 |
$2,126,780 |
| 4 |
$3,746,160 |
$1,346,410
$168,577 |
$2,231,173 |
| 5 |
$3,933,425 |
$1,415,698
$177,004 |
$2,340,723 |
| 6 |
$4,130,150 |
$1,488,486
$185,857 |
$2,455,807 |
| 7 |
$4,336,550 |
$1,564,854
$195,145 |
$2,576,551 |
| 8 |
$4,553,485 |
$1,645,120
$204,907 |
$2,703,458 |
| 9 |
$4,781,170 |
$1,729,363
$215,153 |
$2,836,654 |
| 10 |
$5,020,250 |
$1,817,823
$225,911 |
$2,976,516 |
| 11 |
$5,271,155 |
$1,910,658
$237,202 |
$3,123,295 |
| 12 |
$5,534,745 |
$2,008,186
$249,064 |
$3,277,495 |
| 13 |
$5,811,450 |
$2,110,567
$261,515 |
$3,439,368 |
| 14 |
$6,102,130 |
$2,218,118
$274,596 |
$3,609,416 |
| 15 |
$6,407,215 |
$2,331,000
$288,325 |
$3,787,890 |
| 16 |
$6,727,565 |
$2,449,529
$302,740 |
$3,975,296 |
| 17 |
$7,063,825 |
$2,573,946
$317,872 |
$4,172,007 |
| 18 |
$7,417,070 |
$2,704,646
$333,768 |
$4,378,656 |
| 19 |
$7,787,945 |
$2,841,870
$350,458 |
$4,595,617 |
| 20 |
$8,177,310 |
$2,985,935
$367,979 |
$4,823,396 |
| 21 |
$8,586,240 |
$3,137,239
$386,381 |
$5,062,620 |
| 22 |
$9,015,595 |
$3,296,101
$405,702 |
$5,313,792 |
| 23 |
$9,466,235 |
$3,462,837
$425,981 |
$5,577,417 |
| 24 |
$9,939,665 |
$3,638,006
$447,285 |
$5,854,374 |
| 25 |
$10,436,530 |
$3,821,846
$469,644 |
$6,145,040 |
| 26 |
$10,958,550 |
$4,014,994
$493,135 |
$6,450,421 |
| 27 |
$11,506,370 |
$4,217,687
$517,787 |
$6,770,896 |
| 28 |
$12,081,710 |
$4,430,563
$543,677 |
$7,107,470 |
| 29 |
$12,685,860 |
$4,654,099
$570,864 |
$7,460,897 |
| 30 |
$13,320,110 |
$4,888,771
$599,405 |
$7,831,934 |
|
|
