The jackpot for the MEGA Millions draw on Fri May 9, 2025, is projected to be $100 Million, with an option for a cash payout of $45.3 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 May 9, 2025 |
|---|
| Draw Date | Fri May 9, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,300,000 | | Federal Tax(24%) | $10,872,000 | | Additional Federal Tax | $5,849,330 | | State Tax(3.07%) | $1,390,710 | | Net Lumpsum Payment | $27,187,960 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$46,207 |
$941,676 |
| 2 |
$1,580,400 |
$545,078
$48,518 |
$986,804 |
| 3 |
$1,659,400 |
$574,308
$50,944 |
$1,034,148 |
| 4 |
$1,742,400 |
$605,018
$53,492 |
$1,083,890 |
| 5 |
$1,829,500 |
$637,245
$56,166 |
$1,136,089 |
| 6 |
$1,921,000 |
$671,100
$58,975 |
$1,190,925 |
| 7 |
$2,017,000 |
$706,620
$61,922 |
$1,248,458 |
| 8 |
$2,117,900 |
$743,953
$65,020 |
$1,308,927 |
| 9 |
$2,223,800 |
$783,136
$68,271 |
$1,372,393 |
| 10 |
$2,335,000 |
$824,280
$71,685 |
$1,439,035 |
| 11 |
$2,451,700 |
$867,459
$75,267 |
$1,508,974 |
| 12 |
$2,574,300 |
$912,821
$79,031 |
$1,582,448 |
| 13 |
$2,703,000 |
$960,440
$82,982 |
$1,659,578 |
| 14 |
$2,838,200 |
$1,010,464
$87,133 |
$1,740,603 |
| 15 |
$2,980,100 |
$1,062,967
$91,489 |
$1,825,644 |
| 16 |
$3,129,100 |
$1,118,097
$96,063 |
$1,914,940 |
| 17 |
$3,285,500 |
$1,175,965
$100,865 |
$2,008,670 |
| 18 |
$3,449,800 |
$1,236,756
$105,909 |
$2,107,135 |
| 19 |
$3,622,300 |
$1,300,581
$111,205 |
$2,210,514 |
| 20 |
$3,803,400 |
$1,367,588
$116,764 |
$2,319,048 |
| 21 |
$3,993,600 |
$1,437,962
$122,604 |
$2,433,034 |
| 22 |
$4,193,300 |
$1,511,851
$128,734 |
$2,552,715 |
| 23 |
$4,402,900 |
$1,589,403
$135,169 |
$2,678,328 |
| 24 |
$4,623,100 |
$1,670,877
$141,929 |
$2,810,294 |
| 25 |
$4,854,200 |
$1,756,384
$149,024 |
$2,948,792 |
| 26 |
$5,097,000 |
$1,846,220
$156,478 |
$3,094,302 |
| 27 |
$5,351,800 |
$1,940,496
$164,300 |
$3,247,004 |
| 28 |
$5,619,400 |
$2,039,508
$172,516 |
$3,407,376 |
| 29 |
$5,900,400 |
$2,143,478
$181,142 |
$3,575,780 |
| 30 |
$6,195,400 |
$2,252,628
$190,199 |
$3,752,573 |
|
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