Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(3.07%)	$4,721,660
Net Lumpsum Payment	$92,212,010

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$159,875	$3,160,612
2	$5,468,184	-$1,983,558 -$167,873	$3,316,753
3	$5,741,524	-$2,084,694 -$176,265	$3,480,565
4	$6,028,704	-$2,190,951 -$185,081	$3,652,672
5	$6,330,070	-$2,302,456 -$194,333	$3,833,281
6	$6,646,660	-$2,419,595 -$204,052	$4,023,013
7	$6,978,820	-$2,542,494 -$214,250	$4,222,076
8	$7,327,934	-$2,671,666 -$224,968	$4,431,300
9	$7,694,348	-$2,807,239 -$236,216	$4,650,893
10	$8,079,100	-$2,949,597 -$248,028	$4,881,475
11	$8,482,882	-$3,098,997 -$260,424	$5,123,461
12	$8,907,078	-$3,255,949 -$273,447	$5,377,682
13	$9,352,380	-$3,420,711 -$287,118	$5,644,551
14	$9,820,172	-$3,593,794 -$301,479	$5,924,899
15	$10,311,146	-$3,775,454 -$316,552	$6,219,140
16	$10,826,686	-$3,966,204 -$332,379	$6,528,103
17	$11,367,830	-$4,166,427 -$348,992	$6,852,411
18	$11,936,308	-$4,376,764 -$366,445	$7,193,099
19	$12,533,158	-$4,597,599 -$384,768	$7,550,791
20	$13,159,764	-$4,829,443 -$404,005	$7,926,316
21	$13,817,856	-$5,072,937 -$424,208	$8,320,711
22	$14,508,818	-$5,328,593 -$445,421	$8,734,804
23	$15,234,034	-$5,596,923 -$467,685	$9,169,426
24	$15,995,926	-$5,878,823 -$491,075	$9,626,028
25	$16,795,532	-$6,174,677 -$515,623	$10,105,232
26	$17,635,620	-$6,485,510 -$541,414	$10,608,696
27	$18,517,228	-$6,811,705 -$568,479	$11,137,044
28	$19,443,124	-$7,154,286 -$596,904	$11,691,934
29	$20,415,384	-$7,514,022 -$626,752	$12,274,610
30	$21,436,084	-$7,891,681 -$658,088	$12,886,315