Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 25, 2025 is estimated to be $60 Million, with a cash option of 26.9 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 Apr 25, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 25, 2025	$60,000,000	$26,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$26,900,000
Federal Tax(24%)	$6,456,000
Additional Federal Tax	$3,457,330
State Tax(3.07%)	$825,830
Net Lumpsum Payment	$16,160,840

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$27,724	$580,873
2	$948,240	-$311,179 -$29,111	$607,950
3	$995,640	-$328,717 -$30,566	$636,357
4	$1,045,440	-$347,143 -$32,095	$666,202
5	$1,097,700	-$366,479 -$33,699	$697,522
6	$1,152,600	-$386,792 -$35,385	$730,423
7	$1,210,200	-$408,104 -$37,153	$764,943
8	$1,270,740	-$430,504 -$39,012	$801,224
9	$1,334,280	-$454,014 -$40,962	$839,304
10	$1,401,000	-$478,700 -$43,011	$879,289
11	$1,471,020	-$504,608 -$45,160	$921,252
12	$1,544,580	-$531,825 -$47,419	$965,336
13	$1,621,800	-$560,396 -$49,789	$1,011,615
14	$1,702,920	-$590,411 -$52,280	$1,060,229
15	$1,788,060	-$621,913 -$54,893	$1,111,254
16	$1,877,460	-$654,991 -$57,638	$1,164,831
17	$1,971,300	-$689,711 -$60,519	$1,221,070
18	$2,069,880	-$726,186 -$63,545	$1,280,149
19	$2,173,380	-$764,481 -$66,723	$1,342,176
20	$2,282,040	-$804,685 -$70,059	$1,407,296
21	$2,396,160	-$846,910 -$73,562	$1,475,688
22	$2,515,980	-$891,243 -$77,241	$1,547,496
23	$2,641,740	-$937,774 -$81,101	$1,622,865
24	$2,773,860	-$986,659 -$85,158	$1,702,043
25	$2,912,520	-$1,037,963 -$89,414	$1,785,143
26	$3,058,200	-$1,091,864 -$93,887	$1,872,449
27	$3,211,080	-$1,148,430 -$98,580	$1,964,070
28	$3,371,640	-$1,207,837 -$103,509	$2,060,294
29	$3,540,240	-$1,270,219 -$108,685	$2,161,336
30	$3,717,240	-$1,335,709 -$114,119	$2,267,412