The jackpot for the MEGA Millions draw on Tue Aug 19, 2025, is projected to be $216 Million, with an option for a cash payout of $97 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 Aug 19, 2025 |
|---|
| Draw Date | Tue Aug 19, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $97,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,000,000 | | Federal Tax(24%) | $23,280,000 | | Additional Federal Tax | $12,570,330 | | State Tax(4.5%) | $4,365,000 | | Net Lumpsum Payment | $56,784,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$146,296 |
$1,941,514 |
| 2 |
$3,413,664 |
$1,223,386
$153,615 |
$2,036,663 |
| 3 |
$3,584,304 |
$1,286,523
$161,294 |
$2,136,487 |
| 4 |
$3,763,584 |
$1,352,856
$169,361 |
$2,241,367 |
| 5 |
$3,951,720 |
$1,422,467
$177,827 |
$2,351,426 |
| 6 |
$4,149,360 |
$1,495,594
$186,721 |
$2,467,045 |
| 7 |
$4,356,720 |
$1,572,317
$196,052 |
$2,588,351 |
| 8 |
$4,574,664 |
$1,652,956
$205,860 |
$2,715,848 |
| 9 |
$4,803,408 |
$1,737,591
$216,153 |
$2,849,664 |
| 10 |
$5,043,600 |
$1,826,462
$226,962 |
$2,990,176 |
| 11 |
$5,295,672 |
$1,919,729
$238,305 |
$3,137,638 |
| 12 |
$5,560,488 |
$2,017,711
$250,222 |
$3,292,555 |
| 13 |
$5,838,480 |
$2,120,568
$262,732 |
$3,455,180 |
| 14 |
$6,130,512 |
$2,228,620
$275,873 |
$3,626,019 |
| 15 |
$6,437,016 |
$2,342,026
$289,666 |
$3,805,324 |
| 16 |
$6,758,856 |
$2,461,107
$304,149 |
$3,993,600 |
| 17 |
$7,096,680 |
$2,586,102
$319,351 |
$4,191,227 |
| 18 |
$7,451,568 |
$2,717,411
$335,321 |
$4,398,836 |
| 19 |
$7,824,168 |
$2,855,273
$352,088 |
$4,616,807 |
| 20 |
$8,215,344 |
$3,000,008
$369,690 |
$4,845,646 |
| 21 |
$8,626,176 |
$3,152,016
$388,178 |
$5,085,982 |
| 22 |
$9,057,528 |
$3,311,616
$407,589 |
$5,338,323 |
| 23 |
$9,510,264 |
$3,479,128
$427,962 |
$5,603,174 |
| 24 |
$9,985,896 |
$3,655,112
$449,365 |
$5,881,419 |
| 25 |
$10,485,072 |
$3,839,807
$471,828 |
$6,173,437 |
| 26 |
$11,009,520 |
$4,033,853
$495,428 |
$6,480,239 |
| 27 |
$11,559,888 |
$4,237,489
$520,195 |
$6,802,204 |
| 28 |
$12,137,904 |
$4,451,355
$546,206 |
$7,140,343 |
| 29 |
$12,744,864 |
$4,675,930
$573,519 |
$7,495,415 |
| 30 |
$13,382,064 |
$4,911,694
$602,193 |
$7,868,177 |
|
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