The jackpot for the MEGA Millions draw on Tue Dec 16, 2025, is projected to be $80 Million, with an option for a cash payout of $36.2 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 Dec 16, 2025 |
|---|
| Draw Date | Tue Dec 16, 2025 | | Projected Jackpot | $80,000,000 | | Cash Value | $36,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $36,200,000 | | Federal Tax(24%) | $8,688,000 | | Additional Federal Tax | $4,666,330 | | State Tax(4.5%) | $1,629,000 | | Net Lumpsum Payment | $21,216,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,204,080 |
$405,840
$54,184 |
$744,056 |
| 2 |
$1,264,320 |
$428,129
$56,894 |
$779,297 |
| 3 |
$1,327,520 |
$451,513
$59,738 |
$816,269 |
| 4 |
$1,393,920 |
$476,081
$62,726 |
$855,113 |
| 5 |
$1,463,600 |
$501,862
$65,862 |
$895,876 |
| 6 |
$1,536,800 |
$528,946
$69,156 |
$938,698 |
| 7 |
$1,613,600 |
$557,362
$72,612 |
$983,626 |
| 8 |
$1,694,320 |
$587,229
$76,244 |
$1,030,847 |
| 9 |
$1,779,040 |
$618,575
$80,057 |
$1,080,408 |
| 10 |
$1,868,000 |
$651,490
$84,060 |
$1,132,450 |
| 11 |
$1,961,360 |
$686,034
$88,261 |
$1,187,065 |
| 12 |
$2,059,440 |
$722,323
$92,675 |
$1,244,442 |
| 13 |
$2,162,400 |
$760,418
$97,308 |
$1,304,674 |
| 14 |
$2,270,560 |
$800,438
$102,175 |
$1,367,947 |
| 15 |
$2,384,080 |
$842,440
$107,284 |
$1,434,356 |
| 16 |
$2,503,280 |
$886,544
$112,648 |
$1,504,088 |
| 17 |
$2,628,400 |
$932,838
$118,278 |
$1,577,284 |
| 18 |
$2,759,840 |
$981,471
$124,193 |
$1,654,176 |
| 19 |
$2,897,840 |
$1,032,531
$130,403 |
$1,734,906 |
| 20 |
$3,042,720 |
$1,086,137
$136,922 |
$1,819,661 |
| 21 |
$3,194,880 |
$1,142,436
$143,770 |
$1,908,674 |
| 22 |
$3,354,640 |
$1,201,547
$150,959 |
$2,002,134 |
| 23 |
$3,522,320 |
$1,263,589
$158,504 |
$2,100,227 |
| 24 |
$3,698,480 |
$1,328,768
$166,432 |
$2,203,280 |
| 25 |
$3,883,360 |
$1,397,174
$174,751 |
$2,311,435 |
| 26 |
$4,077,600 |
$1,469,042
$183,492 |
$2,425,066 |
| 27 |
$4,281,440 |
$1,544,463
$192,665 |
$2,544,312 |
| 28 |
$4,495,520 |
$1,623,673
$202,298 |
$2,669,549 |
| 29 |
$4,720,320 |
$1,706,849
$212,414 |
$2,801,057 |
| 30 |
$4,956,320 |
$1,794,169
$223,034 |
$2,939,117 |
|
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