The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(3.07%) | $2,084,530 | | Net Lumpsum Payment | $40,732,140 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$69,310 |
$1,392,679 |
| 2 |
$2,370,600 |
$837,452
$72,777 |
$1,460,371 |
| 3 |
$2,489,100 |
$881,297
$76,415 |
$1,531,388 |
| 4 |
$2,613,600 |
$927,362
$80,238 |
$1,606,000 |
| 5 |
$2,744,250 |
$975,703
$84,248 |
$1,684,299 |
| 6 |
$2,881,500 |
$1,026,485
$88,462 |
$1,766,553 |
| 7 |
$3,025,500 |
$1,079,765
$92,883 |
$1,852,852 |
| 8 |
$3,176,850 |
$1,135,765
$97,529 |
$1,943,556 |
| 9 |
$3,335,700 |
$1,194,539
$102,406 |
$2,038,755 |
| 10 |
$3,502,500 |
$1,256,255
$107,527 |
$2,138,718 |
| 11 |
$3,677,550 |
$1,321,024
$112,901 |
$2,243,625 |
| 12 |
$3,861,450 |
$1,389,067
$118,547 |
$2,353,836 |
| 13 |
$4,054,500 |
$1,460,495
$124,473 |
$2,469,532 |
| 14 |
$4,257,300 |
$1,535,531
$130,699 |
$2,591,070 |
| 15 |
$4,470,150 |
$1,614,286
$137,234 |
$2,718,630 |
| 16 |
$4,693,650 |
$1,696,981
$144,095 |
$2,852,574 |
| 17 |
$4,928,250 |
$1,783,783
$151,297 |
$2,993,170 |
| 18 |
$5,174,700 |
$1,874,969
$158,863 |
$3,140,868 |
| 19 |
$5,433,450 |
$1,970,707
$166,807 |
$3,295,936 |
| 20 |
$5,705,100 |
$2,071,217
$175,147 |
$3,458,736 |
| 21 |
$5,990,400 |
$2,176,778
$183,905 |
$3,629,717 |
| 22 |
$6,289,950 |
$2,287,612
$193,101 |
$3,809,237 |
| 23 |
$6,604,350 |
$2,403,940
$202,754 |
$3,997,656 |
| 24 |
$6,934,650 |
$2,526,151
$212,894 |
$4,195,605 |
| 25 |
$7,281,300 |
$2,654,411
$223,536 |
$4,403,353 |
| 26 |
$7,645,500 |
$2,789,165
$234,717 |
$4,621,618 |
| 27 |
$8,027,700 |
$2,930,579
$246,450 |
$4,850,671 |
| 28 |
$8,429,100 |
$3,079,097
$258,773 |
$5,091,230 |
| 29 |
$8,850,600 |
$3,235,052
$271,713 |
$5,343,835 |
| 30 |
$9,293,100 |
$3,398,777
$285,298 |
$5,609,025 |
|
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