The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(3.07%) | $3,948,020 | | Net Lumpsum Payment | $77,109,650 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$136,771 |
$2,709,609 |
| 2 |
$4,677,984 |
$1,691,184
$143,614 |
$2,843,186 |
| 3 |
$4,911,824 |
$1,777,705
$150,793 |
$2,983,326 |
| 4 |
$5,157,504 |
$1,868,607
$158,335 |
$3,130,562 |
| 5 |
$5,415,320 |
$1,963,999
$166,250 |
$3,285,071 |
| 6 |
$5,686,160 |
$2,064,210
$174,565 |
$3,447,385 |
| 7 |
$5,970,320 |
$2,169,349
$183,289 |
$3,617,682 |
| 8 |
$6,268,984 |
$2,279,854
$192,458 |
$3,796,672 |
| 9 |
$6,582,448 |
$2,395,836
$202,081 |
$3,984,531 |
| 10 |
$6,911,600 |
$2,517,622
$212,186 |
$4,181,792 |
| 11 |
$7,257,032 |
$2,645,432
$222,791 |
$4,388,809 |
| 12 |
$7,619,928 |
$2,779,704
$233,932 |
$4,606,292 |
| 13 |
$8,000,880 |
$2,920,656
$245,627 |
$4,834,597 |
| 14 |
$8,401,072 |
$3,068,727
$257,913 |
$5,074,432 |
| 15 |
$8,821,096 |
$3,224,136
$270,808 |
$5,326,152 |
| 16 |
$9,262,136 |
$3,387,321
$284,348 |
$5,590,467 |
| 17 |
$9,725,080 |
$3,558,610
$298,560 |
$5,867,910 |
| 18 |
$10,211,408 |
$3,738,551
$313,490 |
$6,159,367 |
| 19 |
$10,722,008 |
$3,927,473
$329,166 |
$6,465,369 |
| 20 |
$11,258,064 |
$4,125,814
$345,623 |
$6,786,627 |
| 21 |
$11,821,056 |
$4,334,121
$362,906 |
$7,124,029 |
| 22 |
$12,412,168 |
$4,552,833
$381,054 |
$7,478,281 |
| 23 |
$13,032,584 |
$4,782,386
$400,100 |
$7,850,098 |
| 24 |
$13,684,376 |
$5,023,550
$420,110 |
$8,240,716 |
| 25 |
$14,368,432 |
$5,276,650
$441,111 |
$8,650,671 |
| 26 |
$15,087,120 |
$5,542,565
$463,175 |
$9,081,380 |
| 27 |
$15,841,328 |
$5,821,622
$486,329 |
$9,533,377 |
| 28 |
$16,633,424 |
$6,114,697
$510,646 |
$10,008,081 |
| 29 |
$17,465,184 |
$6,422,448
$536,181 |
$10,506,555 |
| 30 |
$18,338,384 |
$6,745,532
$562,988 |
$11,029,864 |
|
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