Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Tue Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(3.07%)	$408,310
Net Lumpsum Payment	$8,010,360

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$13,400	$301,251
2	$458,316	-$129,907 -$14,070	$314,339
3	$481,226	-$138,384 -$14,774	$328,068
4	$505,296	-$147,290 -$15,513	$342,493
5	$530,555	-$156,636 -$16,288	$357,631
6	$557,090	-$166,454 -$17,103	$373,533
7	$584,930	-$176,754 -$17,957	$390,219
8	$614,191	-$187,581 -$18,856	$407,754
9	$644,902	-$198,944 -$19,798	$426,160
10	$677,150	-$210,876 -$20,789	$445,485
11	$710,993	-$223,398 -$21,827	$465,768
12	$746,547	-$236,553 -$22,919	$487,075
13	$783,870	-$250,362 -$24,065	$509,443
14	$823,078	-$264,869 -$25,268	$532,941
15	$864,229	-$280,095 -$26,532	$557,602
16	$907,439	-$296,083 -$27,858	$583,498
17	$952,795	-$312,865 -$29,251	$610,679
18	$1,000,442	-$330,494 -$30,714	$639,234
19	$1,050,467	-$349,003 -$32,249	$669,215
20	$1,102,986	-$368,435 -$33,862	$700,689
21	$1,158,144	-$388,844 -$35,555	$733,745
22	$1,216,057	-$410,271 -$37,333	$768,453
23	$1,276,841	-$432,762 -$39,199	$804,880
24	$1,340,699	-$456,389 -$41,159	$843,151
25	$1,407,718	-$481,186 -$43,217	$883,315
26	$1,478,130	-$507,238 -$45,379	$925,513
27	$1,552,022	-$534,579 -$47,647	$969,796
28	$1,629,626	-$563,292 -$50,030	$1,016,304
29	$1,711,116	-$593,443 -$52,531	$1,065,142
30	$1,796,666	-$625,097 -$55,158	$1,116,411