The jackpot for the MEGA Millions draw on Fri Aug 28, 2026, is projected to be $145 Million, with an option for a cash payout of $61.9 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 Aug 28, 2026 |
|---|
| Draw Date | Fri Aug 28, 2026 | | Projected Jackpot | $145,000,000 | | Cash Value | $61,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $61,900,000 | | Federal Tax(24%) | $14,856,000 | | Additional Federal Tax | $8,007,330 | | State Tax(3.07%) | $1,900,330 | | Net Lumpsum Payment | $37,136,340 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,182,395 |
$767,817
$67,000 |
$1,347,578 |
| 2 |
$2,291,580 |
$808,215
$70,352 |
$1,413,013 |
| 3 |
$2,406,130 |
$850,598
$73,868 |
$1,481,664 |
| 4 |
$2,526,480 |
$895,128
$77,563 |
$1,553,789 |
| 5 |
$2,652,775 |
$941,857
$81,440 |
$1,629,478 |
| 6 |
$2,785,450 |
$990,947
$85,513 |
$1,708,990 |
| 7 |
$2,924,650 |
$1,042,451
$89,787 |
$1,792,412 |
| 8 |
$3,070,955 |
$1,096,584
$94,278 |
$1,880,093 |
| 9 |
$3,224,510 |
$1,153,399
$98,992 |
$1,972,119 |
| 10 |
$3,385,750 |
$1,213,058
$103,943 |
$2,068,749 |
| 11 |
$3,554,965 |
$1,275,667
$109,137 |
$2,170,161 |
| 12 |
$3,732,735 |
$1,341,442
$114,595 |
$2,276,698 |
| 13 |
$3,919,350 |
$1,410,490
$120,324 |
$2,388,536 |
| 14 |
$4,115,390 |
$1,483,025
$126,342 |
$2,506,023 |
| 15 |
$4,321,145 |
$1,559,154
$132,659 |
$2,629,332 |
| 16 |
$4,537,195 |
$1,639,093
$139,292 |
$2,758,810 |
| 17 |
$4,763,975 |
$1,723,001
$146,254 |
$2,894,720 |
| 18 |
$5,002,210 |
$1,811,148
$153,568 |
$3,037,494 |
| 19 |
$5,252,335 |
$1,903,694
$161,247 |
$3,187,394 |
| 20 |
$5,514,930 |
$2,000,854
$169,308 |
$3,344,768 |
| 21 |
$5,790,720 |
$2,102,897
$177,775 |
$3,510,048 |
| 22 |
$6,080,285 |
$2,210,036
$186,665 |
$3,683,584 |
| 23 |
$6,384,205 |
$2,322,486
$195,995 |
$3,865,724 |
| 24 |
$6,703,495 |
$2,440,624
$205,797 |
$4,057,074 |
| 25 |
$7,038,590 |
$2,564,609
$216,085 |
$4,257,896 |
| 26 |
$7,390,650 |
$2,694,871
$226,893 |
$4,468,886 |
| 27 |
$7,760,110 |
$2,831,571
$238,235 |
$4,690,304 |
| 28 |
$8,148,130 |
$2,975,138
$250,148 |
$4,922,844 |
| 29 |
$8,555,580 |
$3,125,895
$262,656 |
$5,167,029 |
| 30 |
$8,983,330 |
$3,284,162
$275,788 |
$5,423,380 |
|
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