The jackpot for the MEGA Millions draw on Tue Jan 20, 2026, is projected to be $250 Million, with an option for a cash payout of $113.5 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 Jan 20, 2026 |
|---|
| Draw Date | Tue Jan 20, 2026 | | Projected Jackpot | $250,000,000 | | Cash Value | $113,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $113,500,000 | | Federal Tax(24%) | $27,240,000 | | Additional Federal Tax | $14,715,330 | | State Tax(4.5%) | $5,107,500 | | Net Lumpsum Payment | $66,437,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,762,750 |
$1,352,548
$169,324 |
$2,240,878 |
| 2 |
$3,951,000 |
$1,422,200
$177,795 |
$2,351,005 |
| 3 |
$4,148,500 |
$1,495,275
$186,683 |
$2,466,542 |
| 4 |
$4,356,000 |
$1,572,050
$196,020 |
$2,587,930 |
| 5 |
$4,573,750 |
$1,652,618
$205,819 |
$2,715,313 |
| 6 |
$4,802,500 |
$1,737,255
$216,113 |
$2,849,132 |
| 7 |
$5,042,500 |
$1,826,055
$226,913 |
$2,989,532 |
| 8 |
$5,294,750 |
$1,919,388
$238,264 |
$3,137,098 |
| 9 |
$5,559,500 |
$2,017,345
$250,178 |
$3,291,977 |
| 10 |
$5,837,500 |
$2,120,205
$262,688 |
$3,454,607 |
| 11 |
$6,129,250 |
$2,228,153
$275,816 |
$3,625,281 |
| 12 |
$6,435,750 |
$2,341,558
$289,609 |
$3,804,583 |
| 13 |
$6,757,500 |
$2,460,605
$304,088 |
$3,992,807 |
| 14 |
$7,095,500 |
$2,585,665
$319,298 |
$4,190,537 |
| 15 |
$7,450,250 |
$2,716,923
$335,261 |
$4,398,066 |
| 16 |
$7,822,750 |
$2,854,748
$352,024 |
$4,615,978 |
| 17 |
$8,213,750 |
$2,999,418
$369,619 |
$4,844,713 |
| 18 |
$8,624,500 |
$3,151,395
$388,103 |
$5,085,002 |
| 19 |
$9,055,750 |
$3,310,958
$407,509 |
$5,337,283 |
| 20 |
$9,508,500 |
$3,478,475
$427,883 |
$5,602,142 |
| 21 |
$9,984,000 |
$3,654,410
$449,280 |
$5,880,310 |
| 22 |
$10,483,250 |
$3,839,133
$471,746 |
$6,172,371 |
| 23 |
$11,007,250 |
$4,033,013
$495,326 |
$6,478,911 |
| 24 |
$11,557,750 |
$4,236,698
$520,099 |
$6,800,953 |
| 25 |
$12,135,500 |
$4,450,465
$546,098 |
$7,138,937 |
| 26 |
$12,742,500 |
$4,675,055
$573,413 |
$7,494,032 |
| 27 |
$13,379,500 |
$4,910,745
$602,078 |
$7,866,677 |
| 28 |
$14,048,500 |
$5,158,275
$632,183 |
$8,258,042 |
| 29 |
$14,751,000 |
$5,418,200
$663,795 |
$8,669,005 |
| 30 |
$15,488,500 |
$5,691,075
$696,983 |
$9,100,442 |
|
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