The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 May 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(4.5%) |
$3,105,000 |
| Net Lumpsum Payment |
$40,404,670 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$104,303 |
$1,395,615 |
| 2 |
$2,433,816 |
$860,842
$109,522 |
$1,463,452 |
| 3 |
$2,555,476 |
$905,857
$114,996 |
$1,534,623 |
| 4 |
$2,683,296 |
$953,150
$120,748 |
$1,609,398 |
| 5 |
$2,817,430 |
$1,002,779
$126,784 |
$1,687,867 |
| 6 |
$2,958,340 |
$1,054,916
$133,125 |
$1,770,299 |
| 7 |
$3,106,180 |
$1,109,617
$139,778 |
$1,856,785 |
| 8 |
$3,261,566 |
$1,167,110
$146,770 |
$1,947,686 |
| 9 |
$3,424,652 |
$1,227,452
$154,109 |
$2,043,091 |
| 10 |
$3,595,900 |
$1,290,813
$161,816 |
$2,143,271 |
| 11 |
$3,775,618 |
$1,357,309
$169,903 |
$2,248,406 |
| 12 |
$3,964,422 |
$1,427,167
$178,399 |
$2,358,856 |
| 13 |
$4,162,620 |
$1,500,500
$187,318 |
$2,474,802 |
| 14 |
$4,370,828 |
$1,577,537
$196,687 |
$2,596,604 |
| 15 |
$4,589,354 |
$1,658,391
$206,521 |
$2,724,442 |
| 16 |
$4,818,814 |
$1,743,292
$216,847 |
$2,858,675 |
| 17 |
$5,059,670 |
$1,832,408
$227,685 |
$2,999,577 |
| 18 |
$5,312,692 |
$1,926,026
$239,071 |
$3,147,595 |
| 19 |
$5,578,342 |
$2,024,317
$251,025 |
$3,303,000 |
| 20 |
$5,857,236 |
$2,127,508
$263,576 |
$3,466,152 |
| 21 |
$6,150,144 |
$2,235,884
$276,756 |
$3,637,504 |
| 22 |
$6,457,682 |
$2,349,673
$290,596 |
$3,817,413 |
| 23 |
$6,780,466 |
$2,469,103
$305,121 |
$4,006,242 |
| 24 |
$7,119,574 |
$2,594,573
$320,381 |
$4,204,620 |
| 25 |
$7,475,468 |
$2,726,254
$336,396 |
$4,412,818 |
| 26 |
$7,849,380 |
$2,864,601
$353,222 |
$4,631,557 |
| 27 |
$8,241,772 |
$3,009,786
$370,880 |
$4,861,106 |
| 28 |
$8,653,876 |
$3,162,265
$389,424 |
$5,102,187 |
| 29 |
$9,086,616 |
$3,322,378
$408,898 |
$5,355,340 |
| 30 |
$9,540,916 |
$3,490,469
$429,341 |
$5,621,106 |
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