The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(3.07%) | $2,115,230 | | Net Lumpsum Payment | $41,331,440 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$73,931 |
$1,482,879 |
| 2 |
$2,528,640 |
$895,927
$77,629 |
$1,555,084 |
| 3 |
$2,655,040 |
$942,695
$81,510 |
$1,630,835 |
| 4 |
$2,787,840 |
$991,831
$85,587 |
$1,710,422 |
| 5 |
$2,927,200 |
$1,043,394
$89,865 |
$1,793,941 |
| 6 |
$3,073,600 |
$1,097,562
$94,360 |
$1,881,678 |
| 7 |
$3,227,200 |
$1,154,394
$99,075 |
$1,973,731 |
| 8 |
$3,388,640 |
$1,214,127
$104,031 |
$2,070,482 |
| 9 |
$3,558,080 |
$1,276,820
$109,233 |
$2,172,027 |
| 10 |
$3,736,000 |
$1,342,650
$114,695 |
$2,278,655 |
| 11 |
$3,922,720 |
$1,411,737
$120,428 |
$2,390,555 |
| 12 |
$4,118,880 |
$1,484,316
$126,450 |
$2,508,114 |
| 13 |
$4,324,800 |
$1,560,506
$132,771 |
$2,631,523 |
| 14 |
$4,541,120 |
$1,640,545
$139,412 |
$2,761,163 |
| 15 |
$4,768,160 |
$1,724,550
$146,383 |
$2,897,227 |
| 16 |
$5,006,560 |
$1,812,758
$153,701 |
$3,040,101 |
| 17 |
$5,256,800 |
$1,905,346
$161,384 |
$3,190,070 |
| 18 |
$5,519,680 |
$2,002,612
$169,454 |
$3,347,614 |
| 19 |
$5,795,680 |
$2,104,732
$177,927 |
$3,513,021 |
| 20 |
$6,085,440 |
$2,211,943
$186,823 |
$3,686,674 |
| 21 |
$6,389,760 |
$2,324,542
$196,166 |
$3,869,052 |
| 22 |
$6,709,280 |
$2,442,764
$205,975 |
$4,060,541 |
| 23 |
$7,044,640 |
$2,566,847
$216,270 |
$4,261,523 |
| 24 |
$7,396,960 |
$2,697,206
$227,087 |
$4,472,667 |
| 25 |
$7,766,720 |
$2,834,017
$238,438 |
$4,694,265 |
| 26 |
$8,155,200 |
$2,977,754
$250,365 |
$4,927,081 |
| 27 |
$8,562,880 |
$3,128,596
$262,880 |
$5,171,404 |
| 28 |
$8,991,040 |
$3,287,015
$276,025 |
$5,428,000 |
| 29 |
$9,440,640 |
$3,453,367
$289,828 |
$5,697,445 |
| 30 |
$9,912,640 |
$3,628,007
$304,318 |
$5,980,315 |
|
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