The jackpot for the MEGA Millions draw on Fri Mar 14, 2025, is projected to be $277 Million, with an option for a cash payout of $129.5 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 Fri Mar 14, 2025 |
|---|
| Draw Date | Fri Mar 14, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $129,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $129,500,000 | | Federal Tax(24%) | $31,080,000 | | Additional Federal Tax | $16,795,330 | | State Tax(4.5%) | $5,827,500 | | Net Lumpsum Payment | $75,797,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$187,611 |
$2,478,609 |
| 2 |
$4,377,708 |
$1,580,082
$196,997 |
$2,600,629 |
| 3 |
$4,596,538 |
$1,661,049
$206,844 |
$2,728,645 |
| 4 |
$4,826,448 |
$1,746,116
$217,190 |
$2,863,142 |
| 5 |
$5,067,715 |
$1,835,385
$228,047 |
$3,004,283 |
| 6 |
$5,321,170 |
$1,929,163
$239,453 |
$3,152,554 |
| 7 |
$5,587,090 |
$2,027,554
$251,419 |
$3,308,117 |
| 8 |
$5,866,583 |
$2,130,966
$263,996 |
$3,471,621 |
| 9 |
$6,159,926 |
$2,239,503
$277,197 |
$3,643,226 |
| 10 |
$6,467,950 |
$2,353,472
$291,058 |
$3,823,420 |
| 11 |
$6,791,209 |
$2,473,078
$305,604 |
$4,012,527 |
| 12 |
$7,130,811 |
$2,598,730
$320,886 |
$4,211,195 |
| 13 |
$7,487,310 |
$2,730,635
$336,929 |
$4,419,746 |
| 14 |
$7,861,814 |
$2,869,202
$353,782 |
$4,638,830 |
| 15 |
$8,254,877 |
$3,014,635
$371,469 |
$4,868,773 |
| 16 |
$8,667,607 |
$3,167,345
$390,042 |
$5,110,220 |
| 17 |
$9,100,835 |
$3,327,639
$409,538 |
$5,363,658 |
| 18 |
$9,555,946 |
$3,496,030
$430,018 |
$5,629,898 |
| 19 |
$10,033,771 |
$3,672,826
$451,520 |
$5,909,425 |
| 20 |
$10,535,418 |
$3,858,435
$474,094 |
$6,202,889 |
| 21 |
$11,062,272 |
$4,053,371
$497,802 |
$6,511,099 |
| 22 |
$11,615,441 |
$4,258,044
$522,695 |
$6,834,702 |
| 23 |
$12,196,033 |
$4,472,863
$548,821 |
$7,174,349 |
| 24 |
$12,805,987 |
$4,698,546
$576,269 |
$7,531,172 |
| 25 |
$13,446,134 |
$4,935,400
$605,076 |
$7,905,658 |
| 26 |
$14,118,690 |
$5,184,246
$635,341 |
$8,299,103 |
| 27 |
$14,824,486 |
$5,445,390
$667,102 |
$8,711,994 |
| 28 |
$15,565,738 |
$5,719,653
$700,458 |
$9,145,627 |
| 29 |
$16,344,108 |
$6,007,650
$735,485 |
$9,600,973 |
| 30 |
$17,161,258 |
$6,309,996
$772,257 |
$10,079,005 |
|
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