Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(3.07%)	$2,084,530
Net Lumpsum Payment	$40,732,140

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$69,310	$1,392,679
2	$2,370,600	-$837,452 -$72,777	$1,460,371
3	$2,489,100	-$881,297 -$76,415	$1,531,388
4	$2,613,600	-$927,362 -$80,238	$1,606,000
5	$2,744,250	-$975,703 -$84,248	$1,684,299
6	$2,881,500	-$1,026,485 -$88,462	$1,766,553
7	$3,025,500	-$1,079,765 -$92,883	$1,852,852
8	$3,176,850	-$1,135,765 -$97,529	$1,943,556
9	$3,335,700	-$1,194,539 -$102,406	$2,038,755
10	$3,502,500	-$1,256,255 -$107,527	$2,138,718
11	$3,677,550	-$1,321,024 -$112,901	$2,243,625
12	$3,861,450	-$1,389,067 -$118,547	$2,353,836
13	$4,054,500	-$1,460,495 -$124,473	$2,469,532
14	$4,257,300	-$1,535,531 -$130,699	$2,591,070
15	$4,470,150	-$1,614,286 -$137,234	$2,718,630
16	$4,693,650	-$1,696,981 -$144,095	$2,852,574
17	$4,928,250	-$1,783,783 -$151,297	$2,993,170
18	$5,174,700	-$1,874,969 -$158,863	$3,140,868
19	$5,433,450	-$1,970,707 -$166,807	$3,295,936
20	$5,705,100	-$2,071,217 -$175,147	$3,458,736
21	$5,990,400	-$2,176,778 -$183,905	$3,629,717
22	$6,289,950	-$2,287,612 -$193,101	$3,809,237
23	$6,604,350	-$2,403,940 -$202,754	$3,997,656
24	$6,934,650	-$2,526,151 -$212,894	$4,195,605
25	$7,281,300	-$2,654,411 -$223,536	$4,403,353
26	$7,645,500	-$2,789,165 -$234,717	$4,621,618
27	$8,027,700	-$2,930,579 -$246,450	$4,850,671
28	$8,429,100	-$3,079,097 -$258,773	$5,091,230
29	$8,850,600	-$3,235,052 -$271,713	$5,343,835
30	$9,293,100	-$3,398,777 -$285,298	$5,609,025