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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Feb 27, 1998

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The tax information provided here is based on 2025 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 $9,000,000 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:Fri, Feb 27, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,358$4,159$105,946
2$142,236$26,984$4,367$110,886
3$149,348$28,690$4,585$116,072
4$156,815$30,483$4,814$121,518
5$164,656$32,364$5,055$127,237
6$172,889$34,340$5,308$133,241
7$181,533$36,415$5,573$139,545
8$190,610$38,593$5,852$146,165
9$200,140$41,108$6,144$152,888
10$210,147$44,310$6,452$159,386
11$220,655$47,673$6,774$166,208
12$231,688$51,203$7,113$173,372
13$243,272$54,910$7,468$180,893
14$255,436$58,950$7,842$188,644
15$268,207$63,420$8,234$196,554
16$281,618$68,113$8,646$204,859
17$295,699$73,042$9,078$213,579
18$310,483$78,216$9,532$222,735
19$326,008$83,650$10,008$232,349
20$342,308$89,355$10,509$242,444
21$359,423$95,345$11,034$253,044
22$377,395$101,635$11,586$264,173
23$396,264$108,240$12,165$275,859
24$416,078$115,174$12,774$288,130
25$436,881$122,456$13,412$301,013
26$458,726$130,101$14,083$314,541
27$481,662$138,129$14,787$328,746
28$505,745$146,558$15,526$343,661
29$531,032$155,408$16,303$359,321
30$557,584$164,702$17,118$375,764
Total$9,000,000$2,284,925$276,301$6,438,773

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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.