The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(4.5%) | $4,050,000 | | Net Lumpsum Payment | $52,689,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$136,814 |
$1,818,246 |
| 2 |
$3,192,408 |
$1,141,521
$143,658 |
$1,907,229 |
| 3 |
$3,351,988 |
$1,200,566
$150,839 |
$2,000,583 |
| 4 |
$3,519,648 |
$1,262,600
$158,384 |
$2,098,664 |
| 5 |
$3,695,590 |
$1,327,699
$166,302 |
$2,201,589 |
| 6 |
$3,880,420 |
$1,396,086
$174,619 |
$2,309,715 |
| 7 |
$4,074,340 |
$1,467,836
$183,345 |
$2,423,159 |
| 8 |
$4,278,158 |
$1,543,249
$192,517 |
$2,542,392 |
| 9 |
$4,492,076 |
$1,622,399
$202,143 |
$2,667,534 |
| 10 |
$4,716,700 |
$1,705,509
$212,252 |
$2,798,939 |
| 11 |
$4,952,434 |
$1,792,731
$222,860 |
$2,936,843 |
| 12 |
$5,200,086 |
$1,884,362
$234,004 |
$3,081,720 |
| 13 |
$5,460,060 |
$1,980,553
$245,703 |
$3,233,804 |
| 14 |
$5,733,164 |
$2,081,601
$257,992 |
$3,393,571 |
| 15 |
$6,019,802 |
$2,187,657
$270,891 |
$3,561,254 |
| 16 |
$6,320,782 |
$2,299,020
$284,435 |
$3,737,327 |
| 17 |
$6,636,710 |
$2,415,913
$298,652 |
$3,922,145 |
| 18 |
$6,968,596 |
$2,538,711
$313,587 |
$4,116,298 |
| 19 |
$7,317,046 |
$2,667,637
$329,267 |
$4,320,142 |
| 20 |
$7,682,868 |
$2,802,992
$345,729 |
$4,534,147 |
| 21 |
$8,067,072 |
$2,945,147
$363,018 |
$4,758,907 |
| 22 |
$8,470,466 |
$3,094,403
$381,171 |
$4,994,892 |
| 23 |
$8,893,858 |
$3,251,058
$400,224 |
$5,242,576 |
| 24 |
$9,338,662 |
$3,415,635
$420,240 |
$5,502,787 |
| 25 |
$9,805,484 |
$3,588,359
$441,247 |
$5,775,878 |
| 26 |
$10,295,940 |
$3,769,828
$463,317 |
$6,062,795 |
| 27 |
$10,810,636 |
$3,960,266
$486,479 |
$6,363,891 |
| 28 |
$11,351,188 |
$4,160,270
$510,803 |
$6,680,115 |
| 29 |
$11,918,808 |
$4,370,289
$536,346 |
$7,012,173 |
| 30 |
$12,514,708 |
$4,590,772
$563,162 |
$7,360,774 |
|
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