USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Feb 17, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $17,000,000 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 money, as well as deductions claimed.

State:

Pennsylvania

Drawing Date:Tue, Feb 17, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$7,855$188,088
2$268,668$64,409$8,248$196,011
3$282,102$69,110$8,661$204,331
4$296,207$74,047$9,094$213,066
5$311,017$79,231$9,548$222,238
6$326,568$84,673$10,026$231,869
7$342,896$90,388$10,527$241,981
8$360,041$96,389$11,053$252,599
9$378,043$102,690$11,606$263,747
10$396,945$109,306$12,186$275,453
11$416,792$116,252$12,796$287,745
12$437,632$123,546$13,435$300,651
13$459,514$131,205$14,107$314,202
14$482,489$139,246$14,812$328,431
15$506,614$147,690$15,553$343,371
16$531,945$156,555$16,331$359,058
17$558,542$165,864$17,147$375,530
18$586,469$175,639$18,005$392,825
19$615,792$186,031$18,905$410,857
20$646,582$197,423$19,850$429,309
21$678,911$209,385$20,843$448,684
22$712,856$221,945$21,885$469,027
23$748,499$235,132$22,979$490,388
24$785,924$248,980$24,128$512,817
25$825,220$263,519$25,334$536,367
26$866,482$278,786$26,601$561,095
27$909,806$294,816$27,931$587,059
28$955,296$311,647$29,328$614,321
29$1,003,061$329,320$30,794$642,947
30$1,053,214$347,877$32,334$673,003
Total$17,000,000$5,111,032$521,902$11,367,070

◄ Back to Jackpot Analysis

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.