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Kentucky Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2025

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $474,000,000 for a ticket purchased in Kentucky, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Kentucky

Drawing Date:Fri, Sep 26, 2025
Jackpot:$474,000,000
Federal Tax:37% marginal rate
State Tax: 3.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,134,380$2,595,678$249,703$4,288,999
2$7,491,099$2,727,664$262,188$4,501,247
3$7,865,654$2,866,249$275,298$4,724,107
4$8,258,937$3,011,764$289,063$4,958,110
5$8,671,884$3,164,554$303,516$5,203,813
6$9,105,478$3,324,984$318,692$5,461,802
7$9,560,752$3,493,436$334,626$5,732,690
8$10,038,790$3,670,309$351,358$6,017,123
9$10,540,729$3,856,027$368,926$6,315,777
10$11,067,765$4,051,030$387,372$6,629,363
11$11,621,154$4,255,784$406,740$6,958,629
12$12,202,211$4,470,775$427,077$7,304,359
13$12,812,322$4,696,516$448,431$7,667,374
14$13,452,938$4,933,544$470,853$8,048,541
15$14,125,585$5,182,424$494,395$8,448,766
16$14,831,864$5,443,747$519,115$8,869,002
17$15,573,457$5,718,136$545,071$9,310,250
18$16,352,130$6,006,245$572,325$9,773,560
19$17,169,737$6,308,760$600,941$10,260,036
20$18,028,224$6,626,400$630,988$10,770,836
21$18,929,635$6,959,922$662,537$11,307,175
22$19,876,116$7,310,120$695,664$11,870,332
23$20,869,922$7,677,829$730,447$12,461,647
24$21,913,418$8,063,922$766,970$13,082,527
25$23,009,089$8,469,320$805,318$13,734,451
26$24,159,544$8,894,989$845,584$14,418,971
27$25,367,521$9,341,940$887,863$15,137,718
28$26,635,897$9,811,239$932,256$15,892,401
29$27,967,692$10,304,003$978,869$16,684,819
30$29,366,077$10,821,406$1,027,813$17,516,858
Total$474,000,001$174,058,716$16,589,999$283,351,283

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.