The jackpot for the MEGA Millions draw on Fri Oct 9, 2026, is projected to be $364 Million, with an option for a cash payout of $147.3 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 Oct 9, 2026 |
|---|
| Draw Date | Fri Oct 9, 2026 | | Projected Jackpot | $364,000,000 | | Cash Value | $147,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $147,300,000 | | Federal Tax(24%) | $35,352,000 | | Additional Federal Tax | $19,109,330 | | State Tax(4.5%) | $6,628,500 | | Net Lumpsum Payment | $86,210,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,478,564 |
$1,987,399
$246,535 |
$3,244,630 |
| 2 |
$5,752,656 |
$2,088,813
$258,870 |
$3,404,973 |
| 3 |
$6,040,216 |
$2,195,210
$271,810 |
$3,573,196 |
| 4 |
$6,342,336 |
$2,306,995
$285,405 |
$3,749,936 |
| 5 |
$6,659,380 |
$2,424,301
$299,672 |
$3,935,407 |
| 6 |
$6,992,440 |
$2,547,533
$314,660 |
$4,130,247 |
| 7 |
$7,341,880 |
$2,676,826
$330,385 |
$4,334,669 |
| 8 |
$7,709,156 |
$2,812,718
$346,912 |
$4,549,526 |
| 9 |
$8,094,632 |
$2,955,344
$364,258 |
$4,775,030 |
| 10 |
$8,499,400 |
$3,105,108
$382,473 |
$5,011,819 |
| 11 |
$8,924,188 |
$3,262,280
$401,588 |
$5,260,320 |
| 12 |
$9,370,452 |
$3,427,398
$421,670 |
$5,521,384 |
| 13 |
$9,838,920 |
$3,600,731
$442,751 |
$5,795,438 |
| 14 |
$10,331,048 |
$3,782,818
$464,897 |
$6,083,333 |
| 15 |
$10,847,564 |
$3,973,929
$488,140 |
$6,385,495 |
| 16 |
$11,389,924 |
$4,174,602
$512,547 |
$6,702,775 |
| 17 |
$11,959,220 |
$4,385,242
$538,165 |
$7,035,813 |
| 18 |
$12,557,272 |
$4,606,521
$565,077 |
$7,385,674 |
| 19 |
$13,185,172 |
$4,838,844
$593,333 |
$7,752,995 |
| 20 |
$13,844,376 |
$5,082,750
$622,997 |
$8,138,629 |
| 21 |
$14,536,704 |
$5,338,911
$654,152 |
$8,543,641 |
| 22 |
$15,263,612 |
$5,607,867
$686,863 |
$8,968,882 |
| 23 |
$16,026,556 |
$5,890,156
$721,195 |
$9,415,205 |
| 24 |
$16,828,084 |
$6,186,721
$757,264 |
$9,884,099 |
| 25 |
$17,669,288 |
$6,497,967
$795,118 |
$10,376,203 |
| 26 |
$18,553,080 |
$6,824,970
$834,889 |
$10,893,221 |
| 27 |
$19,480,552 |
$7,168,135
$876,625 |
$11,435,792 |
| 28 |
$20,454,616 |
$7,528,538
$920,458 |
$12,005,620 |
| 29 |
$21,477,456 |
$7,906,989
$966,486 |
$12,603,981 |
| 30 |
$22,551,256 |
$8,304,295
$1,014,807 |
$13,232,154 |
|
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