Jackpot Analysis Pennsylvania Mega Millions

Jackpot Analysis for Pennsylvania Mega Millions
The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025
Draw DateFri Apr 4, 2025
Projected Jackpot$43,000,000
Cash Value$20,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$20,000,000
Federal Tax(24%)$4,800,000
Additional Federal Tax$2,560,330
State Tax(3.07%)$614,000
Net Lumpsum Payment$12,025,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $647,193 $199,792
$19,869
$427,532
2 $679,572 $211,772
$20,863
$446,937
3 $713,542 $224,341
$21,906
$467,295
4 $749,232 $237,546
$23,001
$488,685
5 $786,685 $251,404
$24,151
$511,130
6 $826,030 $265,961
$25,359
$534,710
7 $867,310 $281,235
$26,626
$559,449
8 $910,697 $297,288
$27,958
$585,451
9 $956,234 $314,137
$29,356
$612,741
10 $1,004,050 $331,829
$30,824
$641,397
11 $1,054,231 $350,396
$32,365
$671,470
12 $1,106,949 $369,902
$33,983
$703,064
13 $1,162,290 $390,378
$35,682
$736,230
14 $1,220,426 $411,888
$37,467
$771,071
15 $1,281,443 $434,464
$39,340
$807,639
16 $1,345,513 $458,170
$41,307
$846,036
17 $1,412,765 $483,053
$43,372
$886,340
18 $1,483,414 $509,194
$45,541
$928,679
19 $1,557,589 $536,638
$47,818
$973,133
20 $1,635,462 $565,451
$50,209
$1,019,802
21 $1,717,248 $595,712
$52,720
$1,068,816
22 $1,803,119 $627,484
$55,356
$1,120,279
23 $1,893,247 $660,832
$58,123
$1,174,292
24 $1,987,933 $695,866
$61,030
$1,231,037
25 $2,087,306 $732,634
$64,080
$1,290,592
26 $2,191,710 $771,263
$67,285
$1,353,162
27 $2,301,274 $811,802
$70,649
$1,418,823
28 $2,416,342 $854,377
$74,182
$1,487,783
29 $2,537,172 $899,084
$77,891
$1,560,197
30 $2,664,022 $946,019
$81,785
$1,636,218