Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 27, 2025 is estimated to be $348 Million, with a cash option of 155.5 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 27, 2025

Draw Date Jackpot Cash Option
Fri Jun 27, 2025$348,000,000$155,500,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$155,500,000
Federal Tax(24%)$37,320,000
Additional Federal Tax$20,175,330
State Tax(3.07%)$4,773,850
Net Lumpsum Payment$93,230,820

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $5,237,748 -$1,898,297
-$160,799
$3,178,652
2 $5,499,792 -$1,995,253
-$168,844
$3,335,695
3 $5,774,712 -$2,096,974
-$177,284
$3,500,454
4 $6,063,552 -$2,203,845
-$186,151
$3,673,556
5 $6,366,660 -$2,315,995
-$195,456
$3,855,209
6 $6,685,080 -$2,433,810
-$205,232
$4,046,038
7 $7,019,160 -$2,557,420
-$215,488
$4,246,252
8 $7,370,292 -$2,687,338
-$226,268
$4,456,686
9 $7,738,824 -$2,823,695
-$237,582
$4,677,547
10 $8,125,800 -$2,966,876
-$249,462
$4,909,462
11 $8,531,916 -$3,117,139
-$261,930
$5,152,847
12 $8,958,564 -$3,274,999
-$275,028
$5,408,537
13 $9,406,440 -$3,440,713
-$288,778
$5,676,949
14 $9,876,936 -$3,614,797
-$303,222
$5,958,917
15 $10,370,748 -$3,797,507
-$318,382
$6,254,859
16 $10,889,268 -$3,989,360
-$334,301
$6,565,607
17 $11,433,540 -$4,190,740
-$351,010
$6,891,790
18 $12,005,304 -$4,402,293
-$368,563
$7,234,448
19 $12,605,604 -$4,624,404
-$386,992
$7,594,208
20 $13,235,832 -$4,857,588
-$406,340
$7,971,904
21 $13,897,728 -$5,102,490
-$426,660
$8,368,578
22 $14,592,684 -$5,359,623
-$447,995
$8,785,066
23 $15,322,092 -$5,629,504
-$470,388
$9,222,200
24 $16,088,388 -$5,913,034
-$493,914
$9,681,440
25 $16,892,616 -$6,210,598
-$518,603
$10,163,415
26 $17,737,560 -$6,523,228
-$544,543
$10,669,789
27 $18,624,264 -$6,851,308
-$571,765
$11,201,191
28 $19,555,512 -$7,195,870
-$600,354
$11,759,288
29 $20,533,392 -$7,557,685
-$630,375
$12,345,332
30 $21,559,992 -$7,937,527
-$661,892
$12,960,573
3
4
8
Cash Option: $155.5 Million
Next Draw: Fri Jun 27
Mega Millions
Tue Jun 24, 2025
101118246020

Pennsylvania Lottery | Select a State Lottery