Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 5, 2026 is estimated to be $368 Million, with a cash option of 163.6 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Pennsylvania MEGA Millions Jackpot/Cash Option for Fri Jun 5, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 5, 2026	$368,000,000	$163,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$163,600,000
Federal Tax(24%)	$39,264,000
Additional Federal Tax	$21,228,330
State Tax(3.07%)	$5,022,520
Net Lumpsum Payment	$98,085,150

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,538,768	-$2,009,675 -$170,040	$3,359,053
2	$5,815,872	-$2,112,203 -$178,547	$3,525,122
3	$6,106,592	-$2,219,769 -$187,472	$3,699,351
4	$6,412,032	-$2,332,782 -$196,849	$3,882,401
5	$6,732,560	-$2,451,378 -$206,690	$4,074,492
6	$7,069,280	-$2,575,964 -$217,027	$4,276,289
7	$7,422,560	-$2,706,678 -$227,873	$4,488,009
8	$7,793,872	-$2,844,063 -$239,272	$4,710,537
9	$8,183,584	-$2,988,256 -$251,236	$4,944,092
10	$8,592,800	-$3,139,666 -$263,799	$5,189,335
11	$9,022,256	-$3,298,565 -$276,983	$5,446,708
12	$9,473,424	-$3,465,497 -$290,834	$5,717,093
13	$9,947,040	-$3,640,735 -$305,374	$6,000,931
14	$10,444,576	-$3,824,824 -$320,648	$6,299,104
15	$10,966,768	-$4,018,035 -$336,680	$6,612,053
16	$11,515,088	-$4,220,913 -$353,513	$6,940,662
17	$12,090,640	-$4,433,867 -$371,183	$7,285,590
18	$12,695,264	-$4,657,578 -$389,745	$7,647,941
19	$13,330,064	-$4,892,454 -$409,233	$8,028,377
20	$13,996,512	-$5,139,040 -$429,693	$8,427,779
21	$14,696,448	-$5,398,016 -$451,181	$8,847,251
22	$15,431,344	-$5,669,928 -$473,742	$9,287,674
23	$16,202,672	-$5,955,319 -$497,422	$9,749,931
24	$17,013,008	-$6,255,143 -$522,299	$10,235,566
25	$17,863,456	-$6,569,809 -$548,408	$10,745,239
26	$18,756,960	-$6,900,406 -$575,839	$11,280,715
27	$19,694,624	-$7,247,341 -$604,625	$11,842,658
28	$20,679,392	-$7,611,705 -$634,857	$12,432,830
29	$21,713,472	-$7,994,315 -$666,604	$13,052,553
30	$22,799,072	-$8,395,987 -$699,932	$13,703,153