The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(3.07%) | $4,187,480 | | Net Lumpsum Payment | $81,784,190 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$143,702 |
$2,844,910 |
| 2 |
$4,915,044 |
$1,778,897
$150,892 |
$2,985,255 |
| 3 |
$5,160,734 |
$1,869,802
$158,435 |
$3,132,497 |
| 4 |
$5,418,864 |
$1,965,310
$166,359 |
$3,287,195 |
| 5 |
$5,689,745 |
$2,065,536
$174,675 |
$3,449,534 |
| 6 |
$5,974,310 |
$2,170,825
$183,411 |
$3,620,074 |
| 7 |
$6,272,870 |
$2,281,292
$192,577 |
$3,799,001 |
| 8 |
$6,586,669 |
$2,397,398
$202,211 |
$3,987,060 |
| 9 |
$6,916,018 |
$2,519,257
$212,322 |
$4,184,439 |
| 10 |
$7,261,850 |
$2,647,215
$222,939 |
$4,391,696 |
| 11 |
$7,624,787 |
$2,781,502
$234,081 |
$4,609,204 |
| 12 |
$8,006,073 |
$2,922,577
$245,786 |
$4,837,710 |
| 13 |
$8,406,330 |
$3,070,672
$258,074 |
$5,077,584 |
| 14 |
$8,826,802 |
$3,226,247
$270,983 |
$5,329,572 |
| 15 |
$9,268,111 |
$3,389,531
$284,531 |
$5,594,049 |
| 16 |
$9,731,501 |
$3,560,986
$298,757 |
$5,871,758 |
| 17 |
$10,217,905 |
$3,740,955
$313,690 |
$6,163,260 |
| 18 |
$10,728,878 |
$3,930,015
$329,377 |
$6,469,486 |
| 19 |
$11,265,353 |
$4,128,511
$345,846 |
$6,790,996 |
| 20 |
$11,828,574 |
$4,336,903
$363,137 |
$7,128,534 |
| 21 |
$12,420,096 |
$4,555,766
$381,297 |
$7,483,033 |
| 22 |
$13,041,163 |
$4,785,561
$400,364 |
$7,855,238 |
| 23 |
$13,693,019 |
$5,026,747
$420,376 |
$8,245,896 |
| 24 |
$14,377,841 |
$5,280,132
$441,400 |
$8,656,309 |
| 25 |
$15,096,562 |
$5,546,058
$463,464 |
$9,087,040 |
| 26 |
$15,851,670 |
$5,825,448
$486,646 |
$9,539,576 |
| 27 |
$16,644,098 |
$6,118,647
$510,974 |
$10,014,477 |
| 28 |
$17,476,334 |
$6,426,574
$536,523 |
$10,513,237 |
| 29 |
$18,350,244 |
$6,749,921
$563,352 |
$11,036,971 |
| 30 |
$19,267,694 |
$7,089,377
$591,518 |
$11,586,799 |
|
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