The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(4.5%) | $900,000 | | Net Lumpsum Payment | $11,739,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$29,124 |
$418,277 |
| 2 |
$679,572 |
$211,772
$30,581 |
$437,219 |
| 3 |
$713,542 |
$224,341
$32,109 |
$457,092 |
| 4 |
$749,232 |
$237,546
$33,715 |
$477,971 |
| 5 |
$786,685 |
$251,404
$35,401 |
$499,880 |
| 6 |
$826,030 |
$265,961
$37,171 |
$522,898 |
| 7 |
$867,310 |
$281,235
$39,029 |
$547,046 |
| 8 |
$910,697 |
$297,288
$40,981 |
$572,428 |
| 9 |
$956,234 |
$314,137
$43,031 |
$599,066 |
| 10 |
$1,004,050 |
$331,829
$45,182 |
$627,039 |
| 11 |
$1,054,231 |
$350,396
$47,440 |
$656,395 |
| 12 |
$1,106,949 |
$369,902
$49,813 |
$687,234 |
| 13 |
$1,162,290 |
$390,378
$52,303 |
$719,609 |
| 14 |
$1,220,426 |
$411,888
$54,919 |
$753,619 |
| 15 |
$1,281,443 |
$434,464
$57,665 |
$789,314 |
| 16 |
$1,345,513 |
$458,170
$60,548 |
$826,795 |
| 17 |
$1,412,765 |
$483,053
$63,574 |
$866,138 |
| 18 |
$1,483,414 |
$509,194
$66,754 |
$907,466 |
| 19 |
$1,557,589 |
$536,638
$70,092 |
$950,859 |
| 20 |
$1,635,462 |
$565,451
$73,596 |
$996,415 |
| 21 |
$1,717,248 |
$595,712
$77,276 |
$1,044,260 |
| 22 |
$1,803,119 |
$627,484
$81,140 |
$1,094,495 |
| 23 |
$1,893,247 |
$660,832
$85,196 |
$1,147,219 |
| 24 |
$1,987,933 |
$695,866
$89,457 |
$1,202,610 |
| 25 |
$2,087,306 |
$732,634
$93,929 |
$1,260,743 |
| 26 |
$2,191,710 |
$771,263
$98,627 |
$1,321,820 |
| 27 |
$2,301,274 |
$811,802
$103,557 |
$1,385,915 |
| 28 |
$2,416,342 |
$854,377
$108,735 |
$1,453,230 |
| 29 |
$2,537,172 |
$899,084
$114,173 |
$1,523,915 |
| 30 |
$2,664,022 |
$946,019
$119,881 |
$1,598,122 |
|
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