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