The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(3.07%) | $6,235,170 | | Net Lumpsum Payment | $121,757,500 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$202,385 |
$3,990,458 |
| 2 |
$6,922,152 |
$2,521,527
$212,510 |
$4,188,115 |
| 3 |
$7,268,172 |
$2,649,554
$223,133 |
$4,395,485 |
| 4 |
$7,631,712 |
$2,784,064
$234,294 |
$4,613,354 |
| 5 |
$8,013,210 |
$2,925,218
$246,006 |
$4,841,986 |
| 6 |
$8,413,980 |
$3,073,503
$258,309 |
$5,082,168 |
| 7 |
$8,834,460 |
$3,229,081
$271,218 |
$5,334,161 |
| 8 |
$9,276,402 |
$3,392,599
$284,786 |
$5,599,017 |
| 9 |
$9,740,244 |
$3,564,221
$299,025 |
$5,876,998 |
| 10 |
$10,227,300 |
$3,744,431
$313,978 |
$6,168,891 |
| 11 |
$10,738,446 |
$3,933,555
$329,670 |
$6,475,221 |
| 12 |
$11,275,434 |
$4,132,241
$346,156 |
$6,797,037 |
| 13 |
$11,839,140 |
$4,340,812
$363,462 |
$7,134,866 |
| 14 |
$12,431,316 |
$4,559,917
$381,641 |
$7,489,758 |
| 15 |
$13,052,838 |
$4,789,880
$400,722 |
$7,862,236 |
| 16 |
$13,705,458 |
$5,031,350
$420,758 |
$8,253,350 |
| 17 |
$14,390,490 |
$5,284,812
$441,788 |
$8,663,890 |
| 18 |
$15,110,124 |
$5,551,076
$463,881 |
$9,095,167 |
| 19 |
$15,865,674 |
$5,830,630
$487,076 |
$9,547,968 |
| 20 |
$16,658,892 |
$6,124,120
$511,428 |
$10,023,344 |
| 21 |
$17,491,968 |
$6,432,359
$537,003 |
$10,522,606 |
| 22 |
$18,366,654 |
$6,755,992
$563,856 |
$11,046,806 |
| 23 |
$19,284,702 |
$7,095,670
$592,040 |
$11,596,992 |
| 24 |
$20,249,178 |
$7,452,526
$621,650 |
$12,175,002 |
| 25 |
$21,261,396 |
$7,827,047
$652,725 |
$12,781,624 |
| 26 |
$22,324,860 |
$8,220,529
$685,373 |
$13,418,958 |
| 27 |
$23,440,884 |
$8,633,457
$719,635 |
$14,087,792 |
| 28 |
$24,612,972 |
$9,067,130
$755,618 |
$14,790,224 |
| 29 |
$25,843,752 |
$9,522,519
$793,403 |
$15,527,830 |
| 30 |
$27,135,852 |
$10,000,596
$833,071 |
$16,302,185 |
|
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