The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 Sep 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(3.07%) | $3,809,870 | | Net Lumpsum Payment | $74,412,800 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$138,620 |
$2,745,689 |
| 2 |
$4,741,200 |
$1,714,574
$145,555 |
$2,881,071 |
| 3 |
$4,978,200 |
$1,802,264
$152,831 |
$3,023,105 |
| 4 |
$5,227,200 |
$1,894,394
$160,475 |
$3,172,331 |
| 5 |
$5,488,500 |
$1,991,075
$168,497 |
$3,328,928 |
| 6 |
$5,763,000 |
$2,092,640
$176,924 |
$3,493,436 |
| 7 |
$6,051,000 |
$2,199,200
$185,766 |
$3,666,034 |
| 8 |
$6,353,700 |
$2,311,199
$195,059 |
$3,847,442 |
| 9 |
$6,671,400 |
$2,428,748
$204,812 |
$4,037,840 |
| 10 |
$7,005,000 |
$2,552,180
$215,054 |
$4,237,766 |
| 11 |
$7,355,100 |
$2,681,717
$225,802 |
$4,447,581 |
| 12 |
$7,722,900 |
$2,817,803
$237,093 |
$4,668,004 |
| 13 |
$8,109,000 |
$2,960,660
$248,946 |
$4,899,394 |
| 14 |
$8,514,600 |
$3,110,732
$261,398 |
$5,142,470 |
| 15 |
$8,940,300 |
$3,268,241
$274,467 |
$5,397,592 |
| 16 |
$9,387,300 |
$3,433,631
$288,190 |
$5,665,479 |
| 17 |
$9,856,500 |
$3,607,235
$302,595 |
$5,946,670 |
| 18 |
$10,349,400 |
$3,789,608
$317,727 |
$6,242,065 |
| 19 |
$10,866,900 |
$3,981,083
$333,614 |
$6,552,203 |
| 20 |
$11,410,200 |
$4,182,104
$350,293 |
$6,877,803 |
| 21 |
$11,980,800 |
$4,393,226
$367,811 |
$7,219,763 |
| 22 |
$12,579,900 |
$4,614,893
$386,203 |
$7,578,804 |
| 23 |
$13,208,700 |
$4,847,549
$405,507 |
$7,955,644 |
| 24 |
$13,869,300 |
$5,091,971
$425,788 |
$8,351,541 |
| 25 |
$14,562,600 |
$5,348,492
$447,072 |
$8,767,036 |
| 26 |
$15,291,000 |
$5,618,000
$469,434 |
$9,203,566 |
| 27 |
$16,055,400 |
$5,900,828
$492,901 |
$9,661,671 |
| 28 |
$16,858,200 |
$6,197,864
$517,547 |
$10,142,789 |
| 29 |
$17,701,200 |
$6,509,774
$543,427 |
$10,647,999 |
| 30 |
$18,586,200 |
$6,837,224
$570,596 |
$11,178,380 |
|
|
