Jackpot Analysis Pennsylvania Mega Millions

Jackpot Analysis for Pennsylvania Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$31,800,000
Federal Tax(24%)$7,632,000
Additional Federal Tax$4,094,330
State Tax(3.07%)$976,260
Net Lumpsum Payment$19,097,410
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,053,570 $350,151
$32,345
$671,074
2 $1,106,280 $369,654
$33,963
$702,663
3 $1,161,580 $390,115
$35,661
$735,804
4 $1,219,680 $411,612
$37,444
$770,624
5 $1,280,650 $434,171
$39,316
$807,163
6 $1,344,700 $457,869
$41,282
$845,549
7 $1,411,900 $482,733
$43,345
$885,822
8 $1,482,530 $508,866
$45,514
$928,150
9 $1,556,660 $536,295
$47,789
$972,576
10 $1,634,500 $565,095
$50,179
$1,019,226
11 $1,716,190 $595,321
$52,687
$1,068,182
12 $1,802,010 $627,074
$55,322
$1,119,614
13 $1,892,100 $660,407
$58,087
$1,173,606
14 $1,986,740 $695,424
$60,993
$1,230,323
15 $2,086,070 $732,176
$64,042
$1,289,852
16 $2,190,370 $770,767
$67,244
$1,352,359
17 $2,299,850 $811,275
$70,605
$1,417,970
18 $2,414,860 $853,829
$74,136
$1,486,895
19 $2,535,610 $898,506
$77,843
$1,559,261
20 $2,662,380 $945,411
$81,735
$1,635,234
21 $2,795,520 $994,673
$85,822
$1,715,025
22 $2,935,310 $1,046,395
$90,114
$1,798,801
23 $3,082,030 $1,100,681
$94,618
$1,886,731
24 $3,236,170 $1,157,713
$99,350
$1,979,107
25 $3,397,940 $1,217,568
$104,317
$2,076,055
26 $3,567,900 $1,280,453
$109,535
$2,177,912
27 $3,746,260 $1,346,447
$115,010
$2,284,803
28 $3,933,580 $1,415,755
$120,761
$2,397,064
29 $4,130,280 $1,488,534
$126,800
$2,514,946
30 $4,336,780 $1,564,939
$133,139
$2,638,702