The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(3.07%) | $4,472,990 | | Net Lumpsum Payment | $87,357,680 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$150,633 |
$2,980,211 |
| 2 |
$5,152,104 |
$1,866,609
$158,170 |
$3,127,325 |
| 3 |
$5,409,644 |
$1,961,899
$166,076 |
$3,281,669 |
| 4 |
$5,680,224 |
$2,062,013
$174,383 |
$3,443,828 |
| 5 |
$5,964,170 |
$2,167,073
$183,100 |
$3,613,997 |
| 6 |
$6,262,460 |
$2,277,441
$192,258 |
$3,792,761 |
| 7 |
$6,575,420 |
$2,393,236
$201,865 |
$3,980,319 |
| 8 |
$6,904,354 |
$2,514,941
$211,964 |
$4,177,449 |
| 9 |
$7,249,588 |
$2,642,678
$222,562 |
$4,384,348 |
| 10 |
$7,612,100 |
$2,776,807
$233,691 |
$4,601,602 |
| 11 |
$7,992,542 |
$2,917,571
$245,371 |
$4,829,600 |
| 12 |
$8,392,218 |
$3,065,451
$257,641 |
$5,069,126 |
| 13 |
$8,811,780 |
$3,220,689
$270,522 |
$5,320,569 |
| 14 |
$9,252,532 |
$3,383,767
$284,053 |
$5,584,712 |
| 15 |
$9,715,126 |
$3,554,927
$298,254 |
$5,861,945 |
| 16 |
$10,200,866 |
$3,734,651
$313,167 |
$6,153,048 |
| 17 |
$10,710,730 |
$3,923,300
$328,819 |
$6,458,611 |
| 18 |
$11,246,348 |
$4,121,479
$345,263 |
$6,779,606 |
| 19 |
$11,808,698 |
$4,329,549
$362,527 |
$7,116,622 |
| 20 |
$12,399,084 |
$4,547,991
$380,652 |
$7,470,441 |
| 21 |
$13,019,136 |
$4,777,411
$399,687 |
$7,842,038 |
| 22 |
$13,670,158 |
$5,018,289
$419,674 |
$8,232,195 |
| 23 |
$14,353,454 |
$5,271,108
$440,651 |
$8,641,695 |
| 24 |
$15,071,306 |
$5,536,714
$462,689 |
$9,071,903 |
| 25 |
$15,824,692 |
$5,815,466
$485,818 |
$9,523,408 |
| 26 |
$16,616,220 |
$6,108,332
$510,118 |
$9,997,770 |
| 27 |
$17,446,868 |
$6,415,672
$535,619 |
$10,495,577 |
| 28 |
$18,319,244 |
$6,738,451
$562,401 |
$11,018,392 |
| 29 |
$19,235,304 |
$7,077,393
$590,524 |
$11,567,387 |
| 30 |
$20,197,004 |
$7,433,222
$620,048 |
$12,143,734 |
|
|
