The jackpot for the MEGA Millions draw on Tue Jun 2, 2026, is projected to be $346 Million, with an option for a cash payout of $153.8 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 Jun 2, 2026 |
|---|
| Draw Date | Tue Jun 2, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $153,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,800,000 | | Federal Tax(24%) | $36,912,000 | | Additional Federal Tax | $19,954,330 | | State Tax(3.07%) | $4,721,660 | | Net Lumpsum Payment | $92,212,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$159,875 |
$3,160,612 |
| 2 |
$5,468,184 |
$1,983,558
$167,873 |
$3,316,753 |
| 3 |
$5,741,524 |
$2,084,694
$176,265 |
$3,480,565 |
| 4 |
$6,028,704 |
$2,190,951
$185,081 |
$3,652,672 |
| 5 |
$6,330,070 |
$2,302,456
$194,333 |
$3,833,281 |
| 6 |
$6,646,660 |
$2,419,595
$204,052 |
$4,023,013 |
| 7 |
$6,978,820 |
$2,542,494
$214,250 |
$4,222,076 |
| 8 |
$7,327,934 |
$2,671,666
$224,968 |
$4,431,300 |
| 9 |
$7,694,348 |
$2,807,239
$236,216 |
$4,650,893 |
| 10 |
$8,079,100 |
$2,949,597
$248,028 |
$4,881,475 |
| 11 |
$8,482,882 |
$3,098,997
$260,424 |
$5,123,461 |
| 12 |
$8,907,078 |
$3,255,949
$273,447 |
$5,377,682 |
| 13 |
$9,352,380 |
$3,420,711
$287,118 |
$5,644,551 |
| 14 |
$9,820,172 |
$3,593,794
$301,479 |
$5,924,899 |
| 15 |
$10,311,146 |
$3,775,454
$316,552 |
$6,219,140 |
| 16 |
$10,826,686 |
$3,966,204
$332,379 |
$6,528,103 |
| 17 |
$11,367,830 |
$4,166,427
$348,992 |
$6,852,411 |
| 18 |
$11,936,308 |
$4,376,764
$366,445 |
$7,193,099 |
| 19 |
$12,533,158 |
$4,597,599
$384,768 |
$7,550,791 |
| 20 |
$13,159,764 |
$4,829,443
$404,005 |
$7,926,316 |
| 21 |
$13,817,856 |
$5,072,937
$424,208 |
$8,320,711 |
| 22 |
$14,508,818 |
$5,328,593
$445,421 |
$8,734,804 |
| 23 |
$15,234,034 |
$5,596,923
$467,685 |
$9,169,426 |
| 24 |
$15,995,926 |
$5,878,823
$491,075 |
$9,626,028 |
| 25 |
$16,795,532 |
$6,174,677
$515,623 |
$10,105,232 |
| 26 |
$17,635,620 |
$6,485,510
$541,414 |
$10,608,696 |
| 27 |
$18,517,228 |
$6,811,705
$568,479 |
$11,137,044 |
| 28 |
$19,443,124 |
$7,154,286
$596,904 |
$11,691,934 |
| 29 |
$20,415,384 |
$7,514,022
$626,752 |
$12,274,610 |
| 30 |
$21,436,084 |
$7,891,681
$658,088 |
$12,886,315 |
|
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