Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Pennsylvania, your state will take 3.07% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Pennsylvania MEGA Millions Jackpot/Cash Option for Tue Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(3.07%)	$3,668,650
Net Lumpsum Payment	$71,656,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$118,289	$2,348,806
2	$4,045,824	-$1,457,285 -$124,207	$2,464,332
3	$4,248,064	-$1,532,114 -$130,416	$2,585,534
4	$4,460,544	-$1,610,732 -$136,939	$2,712,873
5	$4,683,520	-$1,693,233 -$143,784	$2,846,503
6	$4,917,760	-$1,779,902 -$150,975	$2,986,883
7	$5,163,520	-$1,870,833 -$158,520	$3,134,167
8	$5,421,824	-$1,966,405 -$166,450	$3,288,969
9	$5,692,928	-$2,066,714 -$174,773	$3,451,441
10	$5,977,600	-$2,172,042 -$183,512	$3,622,046
11	$6,276,352	-$2,282,581 -$192,684	$3,801,087
12	$6,590,208	-$2,398,707 -$202,319	$3,989,182
13	$6,919,680	-$2,520,612 -$212,434	$4,186,634
14	$7,265,792	-$2,648,673 -$223,060	$4,394,059
15	$7,629,056	-$2,783,081 -$234,212	$4,611,763
16	$8,010,496	-$2,924,214 -$245,922	$4,840,360
17	$8,410,880	-$3,072,356 -$258,214	$5,080,310
18	$8,831,488	-$3,227,981 -$271,127	$5,332,380
19	$9,273,088	-$3,391,373 -$284,684	$5,597,031
20	$9,736,704	-$3,562,911 -$298,917	$5,874,876
21	$10,223,616	-$3,743,068 -$313,865	$6,166,683
22	$10,734,848	-$3,932,224 -$329,560	$6,473,064
23	$11,271,424	-$4,130,757 -$346,033	$6,794,634
24	$11,835,136	-$4,339,331 -$363,339	$7,132,466
25	$12,426,752	-$4,558,229 -$381,501	$7,487,022
26	$13,048,320	-$4,788,209 -$400,583	$7,859,528
27	$13,700,608	-$5,029,555 -$420,609	$8,250,444
28	$14,385,664	-$5,283,026 -$441,640	$8,660,998
29	$15,105,024	-$5,549,189 -$463,724	$9,092,111
30	$15,860,224	-$5,828,613 -$486,909	$9,544,702