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Mega Millions Annuity Jackpot Analysis for Pennsylvania

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The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $378,000,000 would be for a resident of Pennsylvania, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Pennsylvania

Drawing Date:  Fri, Jun 5, 2020
Jackpot:$378,000,000
Federal Tax:  24%
State Tax:3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,689,442$1,365,466$174,666$4,149,310
2$5,973,915$1,433,740$183,399$4,356,776
3$6,272,610$1,505,426$192,569$4,574,615
4$6,586,241$1,580,698$202,198$4,803,346
5$6,915,553$1,659,733$212,307$5,043,513
6$7,261,330$1,742,719$222,923$5,295,688
7$7,624,397$1,829,855$234,069$5,560,473
8$8,005,617$1,921,348$245,772$5,838,496
9$8,405,898$2,017,415$258,061$6,130,421
10$8,826,193$2,118,286$270,964$6,436,942
11$9,267,502$2,224,201$284,512$6,758,789
12$9,730,877$2,335,411$298,738$7,096,729
13$10,217,421$2,452,181$313,675$7,451,565
14$10,728,292$2,574,790$329,359$7,824,144
15$11,264,707$2,703,530$345,827$8,215,351
16$11,827,942$2,838,706$363,118$8,626,118
17$12,419,339$2,980,641$381,274$9,057,424
18$13,040,306$3,129,674$400,337$9,510,295
19$13,692,322$3,286,157$420,354$9,985,810
20$14,376,938$3,450,465$441,372$10,485,101
21$15,095,785$3,622,988$463,441$11,009,356
22$15,850,574$3,804,138$486,613$11,559,823
23$16,643,103$3,994,345$510,943$12,137,815
24$17,475,258$4,194,062$536,490$12,744,705
25$18,349,020$4,403,765$563,315$13,381,941
26$19,266,472$4,623,953$591,481$14,051,038
27$20,229,795$4,855,151$621,055$14,753,590
28$21,241,285$5,097,908$652,107$15,491,269
29$22,303,349$5,352,804$684,713$16,265,832
30$23,418,517$5,620,444$718,948$17,079,124
Total$378,000,001$90,720,000$11,604,600$275,675,401
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