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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $850,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Pennsylvania

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$392,767$7,703,204
2$13,433,406$4,934,432$412,406$8,086,568
3$14,105,076$5,182,950$433,026$8,489,100
4$14,810,330$5,443,894$454,677$8,911,759
5$15,550,846$5,717,885$477,411$9,355,550
6$16,328,389$6,005,576$501,282$9,821,531
7$17,144,809$6,307,651$526,346$10,310,812
8$18,002,049$6,624,830$552,663$10,824,556
9$18,902,151$6,957,868$580,296$11,363,987
10$19,847,259$7,307,558$609,311$11,930,390
11$20,839,622$7,674,732$639,776$12,525,113
12$21,881,603$8,060,265$671,765$13,149,572
13$22,975,683$8,465,075$705,353$13,805,254
14$24,124,467$8,890,125$740,621$14,493,721
15$25,330,690$9,336,428$777,652$15,216,610
16$26,597,225$9,805,046$816,535$15,975,645
17$27,927,086$10,297,094$857,362$16,772,630
18$29,323,440$10,813,745$900,230$17,609,465
19$30,789,612$11,356,229$945,241$18,488,142
20$32,329,093$11,925,837$992,503$19,410,753
21$33,945,547$12,523,925$1,042,128$20,379,494
22$35,642,825$13,151,917$1,094,235$21,396,673
23$37,424,966$13,811,310$1,148,946$22,464,710
24$39,296,214$14,503,671$1,206,394$23,586,149
25$41,261,025$15,230,651$1,266,713$24,763,660
26$43,324,077$15,993,981$1,330,049$26,000,047
27$45,490,280$16,795,476$1,396,552$27,298,253
28$47,764,794$17,637,046$1,466,379$28,661,369
29$50,153,034$18,520,695$1,539,698$30,092,641
30$52,660,686$19,448,526$1,616,683$31,595,477
Total$850,000,002$313,422,167$26,095,000$510,482,835

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.