The jackpot for the MEGA Millions draw on Tue Jul 1, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Jul 1, 2025 |
|---|
| Draw Date | Tue Jul 1, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(3.07%) | $687,680 | | Net Lumpsum Payment | $13,463,990 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$23,103 |
$490,673 |
| 2 |
$790,200 |
$252,704
$24,259 |
$513,237 |
| 3 |
$829,700 |
$267,319
$25,472 |
$536,909 |
| 4 |
$871,200 |
$282,674
$26,746 |
$561,780 |
| 5 |
$914,750 |
$298,788
$28,083 |
$587,879 |
| 6 |
$960,500 |
$315,715
$29,487 |
$615,298 |
| 7 |
$1,008,500 |
$333,475
$30,961 |
$644,064 |
| 8 |
$1,058,950 |
$352,142
$32,510 |
$674,298 |
| 9 |
$1,111,900 |
$371,733
$34,135 |
$706,032 |
| 10 |
$1,167,500 |
$392,305
$35,842 |
$739,353 |
| 11 |
$1,225,850 |
$413,895
$37,634 |
$774,321 |
| 12 |
$1,287,150 |
$436,576
$39,516 |
$811,058 |
| 13 |
$1,351,500 |
$460,385
$41,491 |
$849,624 |
| 14 |
$1,419,100 |
$485,397
$43,566 |
$890,137 |
| 15 |
$1,490,050 |
$511,649
$45,745 |
$932,656 |
| 16 |
$1,564,550 |
$539,214
$48,032 |
$977,304 |
| 17 |
$1,642,750 |
$568,148
$50,432 |
$1,024,170 |
| 18 |
$1,724,900 |
$598,543
$52,954 |
$1,073,403 |
| 19 |
$1,811,150 |
$630,456
$55,602 |
$1,125,092 |
| 20 |
$1,901,700 |
$663,959
$58,382 |
$1,179,359 |
| 21 |
$1,996,800 |
$699,146
$61,302 |
$1,236,352 |
| 22 |
$2,096,650 |
$736,091
$64,367 |
$1,296,192 |
| 23 |
$2,201,450 |
$774,867
$67,585 |
$1,358,998 |
| 24 |
$2,311,550 |
$815,604
$70,965 |
$1,424,981 |
| 25 |
$2,427,100 |
$858,357
$74,512 |
$1,494,231 |
| 26 |
$2,548,500 |
$903,275
$78,239 |
$1,566,986 |
| 27 |
$2,675,900 |
$950,413
$82,150 |
$1,643,337 |
| 28 |
$2,809,700 |
$999,919
$86,258 |
$1,723,523 |
| 29 |
$2,950,200 |
$1,051,904
$90,571 |
$1,807,725 |
| 30 |
$3,097,700 |
$1,106,479
$95,099 |
$1,896,122 |
|
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