Pennsylvania Lottery

PALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 8, 2025 is estimated to be $166 Million, with a cash option of 75.2 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 8, 2025

Draw Date	Jackpot	Cash Option
Fri Aug 8, 2025	$166,000,000	$75,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,200,000
Federal Tax(24%)	$18,048,000
Additional Federal Tax	$9,736,330
State Tax(3.07%)	$2,308,640
Net Lumpsum Payment	$45,107,030

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,498,466	-$884,763 -$76,703	$1,537,000
2	$2,623,464	-$931,012 -$80,540	$1,611,912
3	$2,754,604	-$979,534 -$84,566	$1,690,504
4	$2,892,384	-$1,030,512 -$88,796	$1,773,076
5	$3,036,970	-$1,084,009 -$93,235	$1,859,726
6	$3,188,860	-$1,140,209 -$97,898	$1,950,753
7	$3,348,220	-$1,199,172 -$102,790	$2,046,258
8	$3,515,714	-$1,261,145 -$107,932	$2,146,637
9	$3,691,508	-$1,326,188 -$113,329	$2,251,991
10	$3,876,100	-$1,394,487 -$118,996	$2,362,617
11	$4,069,822	-$1,466,165 -$124,944	$2,478,713
12	$4,273,338	-$1,541,465 -$131,191	$2,600,682
13	$4,486,980	-$1,620,513 -$137,750	$2,728,717
14	$4,711,412	-$1,703,553 -$144,640	$2,863,219
15	$4,946,966	-$1,790,708 -$151,872	$3,004,386
16	$5,194,306	-$1,882,224 -$159,465	$3,152,617
17	$5,453,930	-$1,978,284 -$167,436	$3,308,210
18	$5,726,668	-$2,079,198 -$175,809	$3,471,661
19	$6,013,018	-$2,185,147 -$184,600	$3,643,271
20	$6,313,644	-$2,296,379 -$193,829	$3,823,436
21	$6,629,376	-$2,413,200 -$203,522	$4,012,654
22	$6,960,878	-$2,535,855 -$213,699	$4,211,324
23	$7,308,814	-$2,664,592 -$224,381	$4,419,841
24	$7,674,346	-$2,799,838 -$235,602	$4,638,906
25	$8,057,972	-$2,941,780 -$247,380	$4,868,812
26	$8,461,020	-$3,090,908 -$259,753	$5,110,359
27	$8,883,988	-$3,247,406 -$272,738	$5,363,844
28	$9,328,204	-$3,411,766 -$286,376	$5,630,062
29	$9,794,664	-$3,584,356 -$300,696	$5,909,612
30	$10,284,364	-$3,765,545 -$315,730	$6,203,089