The jackpot for the MEGA Millions draw on Fri Oct 2, 2026, is projected to be $321 Million, with an option for a cash payout of $131.1 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 Oct 2, 2026 |
|---|
| Draw Date | Fri Oct 2, 2026 | | Projected Jackpot | $321,000,000 | | Cash Value | $131,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $131,100,000 | | Federal Tax(24%) | $31,464,000 | | Additional Federal Tax | $17,003,330 | | State Tax(3.07%) | $4,024,770 | | Net Lumpsum Payment | $78,607,900 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,831,371 |
$1,747,938
$148,323 |
$2,935,110 |
| 2 |
$5,073,084 |
$1,837,371
$155,744 |
$3,079,969 |
| 3 |
$5,326,674 |
$1,931,200
$163,529 |
$3,231,945 |
| 4 |
$5,593,104 |
$2,029,779
$171,708 |
$3,391,617 |
| 5 |
$5,872,695 |
$2,133,228
$180,292 |
$3,559,175 |
| 6 |
$6,166,410 |
$2,241,902
$189,309 |
$3,735,199 |
| 7 |
$6,474,570 |
$2,355,921
$198,769 |
$3,919,880 |
| 8 |
$6,798,459 |
$2,475,760
$208,713 |
$4,113,986 |
| 9 |
$7,138,398 |
$2,601,538
$219,149 |
$4,317,711 |
| 10 |
$7,495,350 |
$2,733,610
$230,107 |
$4,531,633 |
| 11 |
$7,869,957 |
$2,872,214
$241,608 |
$4,756,135 |
| 12 |
$8,263,503 |
$3,017,826
$253,690 |
$4,991,987 |
| 13 |
$8,676,630 |
$3,170,683
$266,373 |
$5,239,574 |
| 14 |
$9,110,622 |
$3,331,261
$279,696 |
$5,499,665 |
| 15 |
$9,566,121 |
$3,499,795
$293,680 |
$5,772,646 |
| 16 |
$10,044,411 |
$3,676,762
$308,363 |
$6,059,286 |
| 17 |
$10,546,455 |
$3,862,519
$323,776 |
$6,360,160 |
| 18 |
$11,073,858 |
$4,057,658
$339,967 |
$6,676,233 |
| 19 |
$11,627,583 |
$4,262,536
$356,967 |
$7,008,080 |
| 20 |
$12,208,914 |
$4,477,629
$374,814 |
$7,356,471 |
| 21 |
$12,819,456 |
$4,703,529
$393,557 |
$7,722,370 |
| 22 |
$13,460,493 |
$4,940,713
$413,237 |
$8,106,543 |
| 23 |
$14,133,309 |
$5,189,655
$433,893 |
$8,509,761 |
| 24 |
$14,840,151 |
$5,451,186
$455,593 |
$8,933,372 |
| 25 |
$15,581,982 |
$5,725,664
$478,367 |
$9,377,951 |
| 26 |
$16,361,370 |
$6,014,037
$502,294 |
$9,845,039 |
| 27 |
$17,179,278 |
$6,316,663
$527,404 |
$10,335,211 |
| 28 |
$18,038,274 |
$6,634,492
$553,775 |
$10,850,007 |
| 29 |
$18,940,284 |
$6,968,235
$581,467 |
$11,390,582 |
| 30 |
$19,887,234 |
$7,318,607
$610,538 |
$11,958,089 |
|
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