The jackpot for the MEGA Millions draw on Fri Oct 3, 2025, is projected to be $520 Million, with an option for a cash payout of $240.1 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 Fri Oct 3, 2025 |
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Draw Date | Fri Oct 3, 2025 | Projected Jackpot | $520,000,000 | Cash Value | $240,100,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $240,100,000 | Federal Tax(24%) | $57,624,000 | Additional Federal Tax | $31,173,330 | State Tax(3.07%) | $7,371,070 | Net Lumpsum Payment | $143,931,600 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$7,826,520 |
$2,856,143 $240,274 |
$4,730,103 |
2 |
$8,218,080 |
$3,001,020 $252,295 |
$4,964,765 |
3 |
$8,628,880 |
$3,153,016 $264,907 |
$5,210,957 |
4 |
$9,060,480 |
$3,312,708 $278,157 |
$5,469,615 |
5 |
$9,513,400 |
$3,480,288 $292,061 |
$5,741,051 |
6 |
$9,989,200 |
$3,656,334 $306,668 |
$6,026,198 |
7 |
$10,488,400 |
$3,841,038 $321,994 |
$6,325,368 |
8 |
$11,013,080 |
$4,035,170 $338,102 |
$6,639,808 |
9 |
$11,563,760 |
$4,238,922 $355,007 |
$6,969,831 |
10 |
$12,142,000 |
$4,452,870 $372,759 |
$7,316,371 |
11 |
$12,748,840 |
$4,677,401 $391,389 |
$7,680,050 |
12 |
$13,386,360 |
$4,913,284 $410,961 |
$8,062,115 |
13 |
$14,055,600 |
$5,160,902 $431,507 |
$8,463,191 |
14 |
$14,758,640 |
$5,421,027 $453,090 |
$8,884,523 |
15 |
$15,496,520 |
$5,694,043 $475,743 |
$9,326,734 |
16 |
$16,271,320 |
$5,980,719 $499,530 |
$9,791,071 |
17 |
$17,084,600 |
$6,281,632 $524,497 |
$10,278,471 |
18 |
$17,938,960 |
$6,597,746 $550,726 |
$10,790,488 |
19 |
$18,835,960 |
$6,929,636 $578,264 |
$11,328,060 |
20 |
$19,777,680 |
$7,278,072 $607,175 |
$11,892,433 |
21 |
$20,766,720 |
$7,644,017 $637,538 |
$12,485,165 |
22 |
$21,805,160 |
$8,028,240 $669,418 |
$13,107,502 |
23 |
$22,895,080 |
$8,431,510 $702,879 |
$13,760,691 |
24 |
$24,040,120 |
$8,855,175 $738,032 |
$14,446,913 |
25 |
$25,241,840 |
$9,299,811 $774,924 |
$15,167,105 |
26 |
$26,504,400 |
$9,766,958 $813,685 |
$15,923,757 |
27 |
$27,829,360 |
$10,257,194 $854,361 |
$16,717,805 |
28 |
$29,220,880 |
$10,772,056 $897,081 |
$17,551,743 |
29 |
$30,682,080 |
$11,312,700 $941,940 |
$18,427,440 |
30 |
$32,216,080 |
$11,880,280 $989,034 |
$19,346,766 |
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