The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(3.07%) | $9,928,380 | | Net Lumpsum Payment | $193,853,290 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$343,315 |
$6,741,577 |
| 2 |
$11,742,372 |
$4,305,008
$360,491 |
$7,076,873 |
| 3 |
$12,329,342 |
$4,522,187
$378,511 |
$7,428,644 |
| 4 |
$12,946,032 |
$4,750,362
$397,443 |
$7,798,227 |
| 5 |
$13,593,185 |
$4,989,809
$417,311 |
$8,186,065 |
| 6 |
$14,273,030 |
$5,241,351
$438,182 |
$8,593,497 |
| 7 |
$14,986,310 |
$5,505,265
$460,080 |
$9,020,965 |
| 8 |
$15,735,997 |
$5,782,649
$483,095 |
$9,470,253 |
| 9 |
$16,522,834 |
$6,073,779
$507,251 |
$9,941,804 |
| 10 |
$17,349,050 |
$6,379,479
$532,616 |
$10,436,955 |
| 11 |
$18,216,131 |
$6,700,299
$559,235 |
$10,956,597 |
| 12 |
$19,127,049 |
$7,037,339
$587,200 |
$11,502,510 |
| 13 |
$20,083,290 |
$7,391,148
$616,557 |
$12,075,585 |
| 14 |
$21,087,826 |
$7,762,826
$647,396 |
$12,677,604 |
| 15 |
$22,142,143 |
$8,152,923
$679,764 |
$13,309,456 |
| 16 |
$23,249,213 |
$8,562,539
$713,751 |
$13,972,923 |
| 17 |
$24,411,265 |
$8,992,498
$749,426 |
$14,669,341 |
| 18 |
$25,632,014 |
$9,444,176
$786,903 |
$15,400,935 |
| 19 |
$26,913,689 |
$9,918,395
$826,250 |
$16,169,044 |
| 20 |
$28,259,262 |
$10,416,257
$867,559 |
$16,975,446 |
| 21 |
$29,672,448 |
$10,939,136
$910,944 |
$17,822,368 |
| 22 |
$31,156,219 |
$11,488,131
$956,496 |
$18,711,592 |
| 23 |
$32,713,547 |
$12,064,343
$1,004,306 |
$19,644,898 |
| 24 |
$34,349,633 |
$12,669,695
$1,054,534 |
$20,625,404 |
| 25 |
$36,066,706 |
$13,305,012
$1,107,248 |
$21,654,446 |
| 26 |
$37,870,710 |
$13,972,493
$1,162,631 |
$22,735,586 |
| 27 |
$39,763,874 |
$14,672,964
$1,220,751 |
$23,870,159 |
| 28 |
$41,752,142 |
$15,408,623
$1,281,791 |
$25,061,728 |
| 29 |
$43,839,972 |
$16,181,120
$1,345,887 |
$26,312,965 |
| 30 |
$46,031,822 |
$16,992,105
$1,413,177 |
$27,626,540 |
|
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