The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Tue Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(3.07%) | $3,871,270 | | Net Lumpsum Payment | $75,611,400 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$129,378 |
$2,565,288 |
| 2 |
$4,425,120 |
$1,597,625
$135,851 |
$2,691,644 |
| 3 |
$4,646,320 |
$1,679,469
$142,642 |
$2,824,209 |
| 4 |
$4,878,720 |
$1,765,457
$149,777 |
$2,963,486 |
| 5 |
$5,122,600 |
$1,855,692
$157,264 |
$3,109,644 |
| 6 |
$5,378,800 |
$1,950,486
$165,129 |
$3,263,185 |
| 7 |
$5,647,600 |
$2,049,942
$173,381 |
$3,424,277 |
| 8 |
$5,930,120 |
$2,154,475
$182,055 |
$3,593,590 |
| 9 |
$6,226,640 |
$2,264,187
$191,158 |
$3,771,295 |
| 10 |
$6,538,000 |
$2,379,390
$200,717 |
$3,957,893 |
| 11 |
$6,864,760 |
$2,500,292
$210,748 |
$4,153,720 |
| 12 |
$7,208,040 |
$2,627,305
$221,287 |
$4,359,448 |
| 13 |
$7,568,400 |
$2,760,638
$232,350 |
$4,575,412 |
| 14 |
$7,946,960 |
$2,900,706
$243,972 |
$4,802,282 |
| 15 |
$8,344,280 |
$3,047,714
$256,169 |
$5,040,397 |
| 16 |
$8,761,480 |
$3,202,078
$268,977 |
$5,290,425 |
| 17 |
$9,199,400 |
$3,364,108
$282,422 |
$5,552,870 |
| 18 |
$9,659,440 |
$3,534,323
$296,545 |
$5,828,572 |
| 19 |
$10,142,440 |
$3,713,033
$311,373 |
$6,118,034 |
| 20 |
$10,649,520 |
$3,900,653
$326,940 |
$6,421,927 |
| 21 |
$11,182,080 |
$4,097,700
$343,290 |
$6,741,090 |
| 22 |
$11,741,240 |
$4,304,589
$360,456 |
$7,076,195 |
| 23 |
$12,328,120 |
$4,521,735
$378,473 |
$7,427,912 |
| 24 |
$12,944,680 |
$4,749,862
$397,402 |
$7,797,416 |
| 25 |
$13,591,760 |
$4,989,282
$417,267 |
$8,185,211 |
| 26 |
$14,271,600 |
$5,240,822
$438,138 |
$8,592,640 |
| 27 |
$14,985,040 |
$5,504,795
$460,041 |
$9,020,204 |
| 28 |
$15,734,320 |
$5,782,029
$483,044 |
$9,469,247 |
| 29 |
$16,521,120 |
$6,073,145
$507,198 |
$9,940,777 |
| 30 |
$17,347,120 |
$6,378,765
$532,557 |
$10,435,798 |
|
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