The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(4.5%) | $15,034,500 | | Net Lumpsum Payment | $195,488,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$483,589 |
$6,326,321 |
| 2 |
$11,284,056 |
$4,135,431
$507,783 |
$6,640,842 |
| 3 |
$11,848,116 |
$4,344,133
$533,165 |
$6,970,818 |
| 4 |
$12,440,736 |
$4,563,403
$559,833 |
$7,317,500 |
| 5 |
$13,062,630 |
$4,793,503
$587,818 |
$7,681,309 |
| 6 |
$13,715,940 |
$5,035,228
$617,217 |
$8,063,495 |
| 7 |
$14,401,380 |
$5,288,841
$648,062 |
$8,464,477 |
| 8 |
$15,121,806 |
$5,555,399
$680,481 |
$8,885,926 |
| 9 |
$15,877,932 |
$5,835,165
$714,507 |
$9,328,260 |
| 10 |
$16,671,900 |
$6,128,933
$750,236 |
$9,792,731 |
| 11 |
$17,505,138 |
$6,437,231
$787,731 |
$10,280,176 |
| 12 |
$18,380,502 |
$6,761,116
$827,123 |
$10,792,263 |
| 13 |
$19,299,420 |
$7,101,116
$868,474 |
$11,329,830 |
| 14 |
$20,264,748 |
$7,458,287
$911,914 |
$11,894,547 |
| 15 |
$21,277,914 |
$7,833,159
$957,506 |
$12,487,249 |
| 16 |
$22,341,774 |
$8,226,787
$1,005,380 |
$13,109,607 |
| 17 |
$23,458,470 |
$8,639,964
$1,055,631 |
$13,762,875 |
| 18 |
$24,631,572 |
$9,074,012
$1,108,421 |
$14,449,139 |
| 19 |
$25,863,222 |
$9,529,723
$1,163,845 |
$15,169,654 |
| 20 |
$27,156,276 |
$10,008,153
$1,222,032 |
$15,926,091 |
| 21 |
$28,514,304 |
$10,510,623
$1,283,144 |
$16,720,537 |
| 22 |
$29,940,162 |
$11,038,190
$1,347,307 |
$17,554,665 |
| 23 |
$31,436,706 |
$11,591,912
$1,414,652 |
$18,430,142 |
| 24 |
$33,008,934 |
$12,173,636
$1,485,402 |
$19,349,896 |
| 25 |
$34,658,988 |
$12,784,156
$1,559,654 |
$20,315,178 |
| 26 |
$36,392,580 |
$13,425,585
$1,637,666 |
$21,329,329 |
| 27 |
$38,211,852 |
$14,098,716
$1,719,533 |
$22,393,603 |
| 28 |
$40,122,516 |
$14,805,661
$1,805,513 |
$23,511,342 |
| 29 |
$42,128,856 |
$15,548,007
$1,895,799 |
$24,685,050 |
| 30 |
$44,235,156 |
$16,327,338
$1,990,582 |
$25,917,236 |
|
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