The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 May 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(3.07%) |
$2,118,300 |
| Net Lumpsum Payment |
$41,391,370 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$71,158 |
$1,428,760 |
| 2 |
$2,433,816 |
$860,842
$74,718 |
$1,498,256 |
| 3 |
$2,555,476 |
$905,857
$78,453 |
$1,571,166 |
| 4 |
$2,683,296 |
$953,150
$82,377 |
$1,647,769 |
| 5 |
$2,817,430 |
$1,002,779
$86,495 |
$1,728,156 |
| 6 |
$2,958,340 |
$1,054,916
$90,821 |
$1,812,603 |
| 7 |
$3,106,180 |
$1,109,617
$95,360 |
$1,901,203 |
| 8 |
$3,261,566 |
$1,167,110
$100,130 |
$1,994,326 |
| 9 |
$3,424,652 |
$1,227,452
$105,137 |
$2,092,063 |
| 10 |
$3,595,900 |
$1,290,813
$110,394 |
$2,194,693 |
| 11 |
$3,775,618 |
$1,357,309
$115,911 |
$2,302,398 |
| 12 |
$3,964,422 |
$1,427,167
$121,708 |
$2,415,547 |
| 13 |
$4,162,620 |
$1,500,500
$127,792 |
$2,534,328 |
| 14 |
$4,370,828 |
$1,577,537
$134,184 |
$2,659,107 |
| 15 |
$4,589,354 |
$1,658,391
$140,893 |
$2,790,070 |
| 16 |
$4,818,814 |
$1,743,292
$147,938 |
$2,927,584 |
| 17 |
$5,059,670 |
$1,832,408
$155,332 |
$3,071,930 |
| 18 |
$5,312,692 |
$1,926,026
$163,100 |
$3,223,566 |
| 19 |
$5,578,342 |
$2,024,317
$171,255 |
$3,382,770 |
| 20 |
$5,857,236 |
$2,127,508
$179,817 |
$3,549,911 |
| 21 |
$6,150,144 |
$2,235,884
$188,809 |
$3,725,451 |
| 22 |
$6,457,682 |
$2,349,673
$198,251 |
$3,909,758 |
| 23 |
$6,780,466 |
$2,469,103
$208,160 |
$4,103,203 |
| 24 |
$7,119,574 |
$2,594,573
$218,571 |
$4,306,430 |
| 25 |
$7,475,468 |
$2,726,254
$229,497 |
$4,519,717 |
| 26 |
$7,849,380 |
$2,864,601
$240,976 |
$4,743,803 |
| 27 |
$8,241,772 |
$3,009,786
$253,022 |
$4,978,964 |
| 28 |
$8,653,876 |
$3,162,265
$265,674 |
$5,225,937 |
| 29 |
$9,086,616 |
$3,322,378
$278,959 |
$5,485,279 |
| 30 |
$9,540,916 |
$3,490,469
$292,906 |
$5,757,541 |
|
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