The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(3.07%) | $3,447,610 | | Net Lumpsum Payment | $67,341,060 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$115,978 |
$2,303,706 |
| 2 |
$3,966,804 |
$1,428,048
$121,781 |
$2,416,975 |
| 3 |
$4,165,094 |
$1,501,415
$127,868 |
$2,535,811 |
| 4 |
$4,373,424 |
$1,578,497
$134,264 |
$2,660,663 |
| 5 |
$4,592,045 |
$1,659,387
$140,976 |
$2,791,682 |
| 6 |
$4,821,710 |
$1,744,363
$148,026 |
$2,929,321 |
| 7 |
$5,062,670 |
$1,833,518
$155,424 |
$3,073,728 |
| 8 |
$5,315,929 |
$1,927,224
$163,199 |
$3,225,506 |
| 9 |
$5,581,738 |
$2,025,573
$171,359 |
$3,384,806 |
| 10 |
$5,860,850 |
$2,128,845
$179,928 |
$3,552,077 |
| 11 |
$6,153,767 |
$2,237,224
$188,921 |
$3,727,622 |
| 12 |
$6,461,493 |
$2,351,083
$198,368 |
$3,912,042 |
| 13 |
$6,784,530 |
$2,470,606
$208,285 |
$4,105,639 |
| 14 |
$7,123,882 |
$2,596,167
$218,703 |
$4,309,012 |
| 15 |
$7,480,051 |
$2,727,949
$229,638 |
$4,522,464 |
| 16 |
$7,854,041 |
$2,866,326
$241,119 |
$4,746,596 |
| 17 |
$8,246,605 |
$3,011,574
$253,171 |
$4,981,860 |
| 18 |
$8,658,998 |
$3,164,160
$265,831 |
$5,229,007 |
| 19 |
$9,091,973 |
$3,324,360
$279,124 |
$5,488,489 |
| 20 |
$9,546,534 |
$3,492,548
$293,079 |
$5,760,907 |
| 21 |
$10,023,936 |
$3,669,187
$307,735 |
$6,047,014 |
| 22 |
$10,525,183 |
$3,854,648
$323,123 |
$6,347,412 |
| 23 |
$11,051,279 |
$4,049,304
$339,274 |
$6,662,701 |
| 24 |
$11,603,981 |
$4,253,803
$356,242 |
$6,993,936 |
| 25 |
$12,184,042 |
$4,468,426
$374,050 |
$7,341,566 |
| 26 |
$12,793,470 |
$4,693,914
$392,760 |
$7,706,796 |
| 27 |
$13,433,018 |
$4,930,547
$412,394 |
$8,090,077 |
| 28 |
$14,104,694 |
$5,179,067
$433,014 |
$8,492,613 |
| 29 |
$14,810,004 |
$5,440,032
$454,667 |
$8,915,305 |
| 30 |
$15,550,454 |
$5,713,998
$477,399 |
$9,359,057 |
|
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