Jackpot Analysis Pennsylvania Mega Millions

Jackpot Analysis for Pennsylvania Mega Millions
The jackpot for the MEGA Millions draw on Fri Jul 4, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Fri Jul 4, 2025
Draw DateFri Jul 4, 2025
Projected Jackpot$60,000,000
Cash Value$26,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$26,900,000
Federal Tax(24%)$6,456,000
Additional Federal Tax$3,457,330
State Tax(3.07%)$825,830
Net Lumpsum Payment$16,160,840
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $903,060 $294,463
$27,724
$580,873
2 $948,240 $311,179
$29,111
$607,950
3 $995,640 $328,717
$30,566
$636,357
4 $1,045,440 $347,143
$32,095
$666,202
5 $1,097,700 $366,479
$33,699
$697,522
6 $1,152,600 $386,792
$35,385
$730,423
7 $1,210,200 $408,104
$37,153
$764,943
8 $1,270,740 $430,504
$39,012
$801,224
9 $1,334,280 $454,014
$40,962
$839,304
10 $1,401,000 $478,700
$43,011
$879,289
11 $1,471,020 $504,608
$45,160
$921,252
12 $1,544,580 $531,825
$47,419
$965,336
13 $1,621,800 $560,396
$49,789
$1,011,615
14 $1,702,920 $590,411
$52,280
$1,060,229
15 $1,788,060 $621,913
$54,893
$1,111,254
16 $1,877,460 $654,991
$57,638
$1,164,831
17 $1,971,300 $689,711
$60,519
$1,221,070
18 $2,069,880 $726,186
$63,545
$1,280,149
19 $2,173,380 $764,481
$66,723
$1,342,176
20 $2,282,040 $804,685
$70,059
$1,407,296
21 $2,396,160 $846,910
$73,562
$1,475,688
22 $2,515,980 $891,243
$77,241
$1,547,496
23 $2,641,740 $937,774
$81,101
$1,622,865
24 $2,773,860 $986,659
$85,158
$1,702,043
25 $2,912,520 $1,037,963
$89,414
$1,785,143
26 $3,058,200 $1,091,864
$93,887
$1,872,449
27 $3,211,080 $1,148,430
$98,580
$1,964,070
28 $3,371,640 $1,207,837
$103,509
$2,060,294
29 $3,540,240 $1,270,219
$108,685
$2,161,336
30 $3,717,240 $1,335,709
$114,119
$2,267,412