Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(3.07%)	$3,871,270
Net Lumpsum Payment	$75,611,400

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$129,378	$2,565,288
2	$4,425,120	-$1,597,625 -$135,851	$2,691,644
3	$4,646,320	-$1,679,469 -$142,642	$2,824,209
4	$4,878,720	-$1,765,457 -$149,777	$2,963,486
5	$5,122,600	-$1,855,692 -$157,264	$3,109,644
6	$5,378,800	-$1,950,486 -$165,129	$3,263,185
7	$5,647,600	-$2,049,942 -$173,381	$3,424,277
8	$5,930,120	-$2,154,475 -$182,055	$3,593,590
9	$6,226,640	-$2,264,187 -$191,158	$3,771,295
10	$6,538,000	-$2,379,390 -$200,717	$3,957,893
11	$6,864,760	-$2,500,292 -$210,748	$4,153,720
12	$7,208,040	-$2,627,305 -$221,287	$4,359,448
13	$7,568,400	-$2,760,638 -$232,350	$4,575,412
14	$7,946,960	-$2,900,706 -$243,972	$4,802,282
15	$8,344,280	-$3,047,714 -$256,169	$5,040,397
16	$8,761,480	-$3,202,078 -$268,977	$5,290,425
17	$9,199,400	-$3,364,108 -$282,422	$5,552,870
18	$9,659,440	-$3,534,323 -$296,545	$5,828,572
19	$10,142,440	-$3,713,033 -$311,373	$6,118,034
20	$10,649,520	-$3,900,653 -$326,940	$6,421,927
21	$11,182,080	-$4,097,700 -$343,290	$6,741,090
22	$11,741,240	-$4,304,589 -$360,456	$7,076,195
23	$12,328,120	-$4,521,735 -$378,473	$7,427,912
24	$12,944,680	-$4,749,862 -$397,402	$7,797,416
25	$13,591,760	-$4,989,282 -$417,267	$8,185,211
26	$14,271,600	-$5,240,822 -$438,138	$8,592,640
27	$14,985,040	-$5,504,795 -$460,041	$9,020,204
28	$15,734,320	-$5,782,029 -$483,044	$9,469,247
29	$16,521,120	-$6,073,145 -$507,198	$9,940,777
30	$17,347,120	-$6,378,765 -$532,557	$10,435,798