Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 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 Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(3.07%)	$976,260
Net Lumpsum Payment	$19,097,410

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$32,345	$671,074
2	$1,106,280	-$369,654 -$33,963	$702,663
3	$1,161,580	-$390,115 -$35,661	$735,804
4	$1,219,680	-$411,612 -$37,444	$770,624
5	$1,280,650	-$434,171 -$39,316	$807,163
6	$1,344,700	-$457,869 -$41,282	$845,549
7	$1,411,900	-$482,733 -$43,345	$885,822
8	$1,482,530	-$508,866 -$45,514	$928,150
9	$1,556,660	-$536,295 -$47,789	$972,576
10	$1,634,500	-$565,095 -$50,179	$1,019,226
11	$1,716,190	-$595,321 -$52,687	$1,068,182
12	$1,802,010	-$627,074 -$55,322	$1,119,614
13	$1,892,100	-$660,407 -$58,087	$1,173,606
14	$1,986,740	-$695,424 -$60,993	$1,230,323
15	$2,086,070	-$732,176 -$64,042	$1,289,852
16	$2,190,370	-$770,767 -$67,244	$1,352,359
17	$2,299,850	-$811,275 -$70,605	$1,417,970
18	$2,414,860	-$853,829 -$74,136	$1,486,895
19	$2,535,610	-$898,506 -$77,843	$1,559,261
20	$2,662,380	-$945,411 -$81,735	$1,635,234
21	$2,795,520	-$994,673 -$85,822	$1,715,025
22	$2,935,310	-$1,046,395 -$90,114	$1,798,801
23	$3,082,030	-$1,100,681 -$94,618	$1,886,731
24	$3,236,170	-$1,157,713 -$99,350	$1,979,107
25	$3,397,940	-$1,217,568 -$104,317	$2,076,055
26	$3,567,900	-$1,280,453 -$109,535	$2,177,912
27	$3,746,260	-$1,346,447 -$115,010	$2,284,803
28	$3,933,580	-$1,415,755 -$120,761	$2,397,064
29	$4,130,280	-$1,488,534 -$126,800	$2,514,946
30	$4,336,780	-$1,564,939 -$133,139	$2,638,702