Jackpot Analysis Pennsylvania Mega Millions 43f2j

Jackpot Analysis for Pennsylvania Mega Millions
The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025
Draw Date Tue Jun 10, 2025
Projected Jackpot $243,000,000
Cash Value $108,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment $108,000,000
Federal Tax(24%) $25,920,000
Additional Federal Tax $14,000,330
State Tax(3.07%) $3,315,600
Net Lumpsum Payment $64,764,070
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,657,393 $1,313,566
$112,282
$2,231,545
2 $3,840,372 $1,381,268
$117,899
$2,341,205
3 $4,032,342 $1,452,297
$123,793
$2,456,252
4 $4,234,032 $1,526,922
$129,985
$2,577,125
5 $4,445,685 $1,605,234
$136,483
$2,703,968
6 $4,668,030 $1,687,501
$143,309
$2,837,220
7 $4,901,310 $1,773,815
$150,470
$2,977,025
8 $5,146,497 $1,864,534
$157,997
$3,123,966
9 $5,403,834 $1,959,749
$165,898
$3,278,187
10 $5,674,050 $2,059,729
$174,193
$3,440,128
11 $5,957,631 $2,164,654
$182,899
$3,610,078
12 $6,255,549 $2,274,884
$192,045
$3,788,620
13 $6,568,290 $2,390,598
$201,647
$3,976,045
14 $6,896,826 $2,512,156
$211,733
$4,172,937
15 $7,241,643 $2,639,738
$222,318
$4,379,587
16 $7,603,713 $2,773,704
$233,434
$4,596,575
17 $7,983,765 $2,914,323
$245,102
$4,824,340
18 $8,383,014 $3,062,046
$257,359
$5,063,609
19 $8,802,189 $3,217,140
$270,227
$5,314,822
20 $9,242,262 $3,379,967
$283,737
$5,578,558
21 $9,704,448 $3,550,976
$297,927
$5,855,545
22 $10,189,719 $3,730,526
$312,824
$6,146,369
23 $10,699,047 $3,918,978
$328,461
$6,451,608
24 $11,234,133 $4,116,960
$344,888
$6,772,285
25 $11,795,706 $4,324,742
$362,128
$7,108,836
26 $12,385,710 $4,543,043
$380,241
$7,462,426
27 $13,004,874 $4,772,134
$399,250
$7,833,490
28 $13,655,142 $5,012,733
$419,213
$8,223,196
29 $14,337,972 $5,265,380
$440,176
$8,632,416
30 $15,054,822 $5,530,615
$462,183
$9,062,024