Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 29, 2025 is estimated to be $277 Million, with a cash option of 124.6 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 Aug 29, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 29, 2025	$277,000,000	$124,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$124,600,000
Federal Tax(24%)	$29,904,000
Additional Federal Tax	$16,158,330
State Tax(3.07%)	$3,825,220
Net Lumpsum Payment	$74,712,450

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,169,127	-$1,502,907 -$127,992	$2,538,228
2	$4,377,708	-$1,580,082 -$134,396	$2,663,230
3	$4,596,538	-$1,661,049 -$141,114	$2,794,375
4	$4,826,448	-$1,746,116 -$148,172	$2,932,160
5	$5,067,715	-$1,835,385 -$155,579	$3,076,751
6	$5,321,170	-$1,929,163 -$163,360	$3,228,647
7	$5,587,090	-$2,027,554 -$171,524	$3,388,012
8	$5,866,583	-$2,130,966 -$180,104	$3,555,513
9	$6,159,926	-$2,239,503 -$189,110	$3,731,313
10	$6,467,950	-$2,353,472 -$198,566	$3,915,912
11	$6,791,209	-$2,473,078 -$208,490	$4,109,641
12	$7,130,811	-$2,598,730 -$218,916	$4,313,165
13	$7,487,310	-$2,730,635 -$229,860	$4,526,815
14	$7,861,814	-$2,869,202 -$241,358	$4,751,254
15	$8,254,877	-$3,014,635 -$253,425	$4,986,817
16	$8,667,607	-$3,167,345 -$266,096	$5,234,166
17	$9,100,835	-$3,327,639 -$279,396	$5,493,800
18	$9,555,946	-$3,496,030 -$293,368	$5,766,548
19	$10,033,771	-$3,672,826 -$308,037	$6,052,908
20	$10,535,418	-$3,858,435 -$323,437	$6,353,546
21	$11,062,272	-$4,053,371 -$339,612	$6,669,289
22	$11,615,441	-$4,258,044 -$356,594	$7,000,803
23	$12,196,033	-$4,472,863 -$374,418	$7,348,752
24	$12,805,987	-$4,698,546 -$393,144	$7,714,297
25	$13,446,134	-$4,935,400 -$412,796	$8,097,938
26	$14,118,690	-$5,184,246 -$433,444	$8,501,000
27	$14,824,486	-$5,445,390 -$455,112	$8,923,984
28	$15,565,738	-$5,719,653 -$477,868	$9,368,217
29	$16,344,108	-$6,007,650 -$501,764	$9,834,694
30	$17,161,258	-$6,309,996 -$526,851	$10,324,411