The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025 |
|---|
| Draw Date | Tue Apr 1, 2025 | | Projected Jackpot | $29,000,000 | | Cash Value | $13,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,300,000 | | Federal Tax(24%) | $3,192,000 | | Additional Federal Tax | $1,689,330 | | State Tax(3.07%) | $408,310 | | Net Lumpsum Payment | $8,010,360 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$436,479 |
$121,828
$13,400 |
$301,251 |
| 2 |
$458,316 |
$129,907
$14,070 |
$314,339 |
| 3 |
$481,226 |
$138,384
$14,774 |
$328,068 |
| 4 |
$505,296 |
$147,290
$15,513 |
$342,493 |
| 5 |
$530,555 |
$156,636
$16,288 |
$357,631 |
| 6 |
$557,090 |
$166,454
$17,103 |
$373,533 |
| 7 |
$584,930 |
$176,754
$17,957 |
$390,219 |
| 8 |
$614,191 |
$187,581
$18,856 |
$407,754 |
| 9 |
$644,902 |
$198,944
$19,798 |
$426,160 |
| 10 |
$677,150 |
$210,876
$20,789 |
$445,485 |
| 11 |
$710,993 |
$223,398
$21,827 |
$465,768 |
| 12 |
$746,547 |
$236,553
$22,919 |
$487,075 |
| 13 |
$783,870 |
$250,362
$24,065 |
$509,443 |
| 14 |
$823,078 |
$264,869
$25,268 |
$532,941 |
| 15 |
$864,229 |
$280,095
$26,532 |
$557,602 |
| 16 |
$907,439 |
$296,083
$27,858 |
$583,498 |
| 17 |
$952,795 |
$312,865
$29,251 |
$610,679 |
| 18 |
$1,000,442 |
$330,494
$30,714 |
$639,234 |
| 19 |
$1,050,467 |
$349,003
$32,249 |
$669,215 |
| 20 |
$1,102,986 |
$368,435
$33,862 |
$700,689 |
| 21 |
$1,158,144 |
$388,844
$35,555 |
$733,745 |
| 22 |
$1,216,057 |
$410,271
$37,333 |
$768,453 |
| 23 |
$1,276,841 |
$432,762
$39,199 |
$804,880 |
| 24 |
$1,340,699 |
$456,389
$41,159 |
$843,151 |
| 25 |
$1,407,718 |
$481,186
$43,217 |
$883,315 |
| 26 |
$1,478,130 |
$507,238
$45,379 |
$925,513 |
| 27 |
$1,552,022 |
$534,579
$47,647 |
$969,796 |
| 28 |
$1,629,626 |
$563,292
$50,030 |
$1,016,304 |
| 29 |
$1,711,116 |
$593,443
$52,531 |
$1,065,142 |
| 30 |
$1,796,666 |
$625,097
$55,158 |
$1,116,411 |
|
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