Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(3.07%)	$2,538,890
Net Lumpsum Payment	$49,601,780

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$83,634	$1,672,301
2	$2,860,524	-$1,018,724 -$87,818	$1,753,982
3	$3,003,514	-$1,071,631 -$92,208	$1,839,675
4	$3,153,744	-$1,127,216 -$96,820	$1,929,708
5	$3,311,395	-$1,185,547 -$101,660	$2,024,188
6	$3,477,010	-$1,246,824 -$106,744	$2,123,442
7	$3,650,770	-$1,311,115 -$112,079	$2,227,576
8	$3,833,399	-$1,378,688 -$117,685	$2,337,026
9	$4,025,078	-$1,449,609 -$123,570	$2,451,899
10	$4,226,350	-$1,524,080 -$129,749	$2,572,521
11	$4,437,577	-$1,602,234 -$136,234	$2,699,109
12	$4,659,483	-$1,684,339 -$143,046	$2,832,098
13	$4,892,430	-$1,770,529 -$150,198	$2,971,703
14	$5,137,142	-$1,861,073 -$157,710	$3,118,359
15	$5,393,981	-$1,956,103 -$165,595	$3,272,283
16	$5,663,671	-$2,055,889 -$173,875	$3,433,907
17	$5,946,755	-$2,160,630 -$182,565	$3,603,560
18	$6,244,138	-$2,270,661 -$191,695	$3,781,782
19	$6,556,363	-$2,386,185 -$201,280	$3,968,898
20	$6,884,154	-$2,507,467 -$211,344	$4,165,343
21	$7,228,416	-$2,634,844 -$221,912	$4,371,660
22	$7,589,873	-$2,768,583 -$233,009	$4,588,281
23	$7,969,249	-$2,908,953 -$244,656	$4,815,640
24	$8,367,811	-$3,056,420 -$256,892	$5,054,499
25	$8,786,102	-$3,211,188 -$269,733	$5,305,181
26	$9,225,570	-$3,373,791 -$283,225	$5,568,554
27	$9,686,758	-$3,544,431 -$297,383	$5,844,944
28	$10,171,114	-$3,723,643 -$312,253	$6,135,218
29	$10,679,724	-$3,911,828 -$327,868	$6,440,028
30	$11,213,674	-$4,109,390 -$344,260	$6,760,024