USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Aug 18, 1998

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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 $19,000,000 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, Aug 18, 1998
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$70,467$8,780$206,731
2$300,276$75,471$9,218$215,586
3$315,290$80,726$9,679$224,884
4$331,054$86,244$10,163$234,647
5$347,607$92,037$10,672$244,898
6$364,988$98,120$11,205$255,662
7$383,237$104,508$11,765$266,964
8$402,399$111,214$12,354$278,831
9$422,519$118,256$12,971$291,291
10$443,645$125,650$13,620$304,374
11$465,827$133,414$14,301$318,112
12$489,118$141,566$15,016$332,536
13$513,574$150,126$15,767$347,682
14$539,253$159,113$16,555$363,585
15$566,215$168,550$17,383$380,282
16$594,526$178,459$18,252$397,815
17$624,253$189,161$19,165$415,927
18$655,465$200,710$20,123$434,633
19$688,238$212,836$21,129$454,274
20$722,650$225,568$22,185$474,897
21$758,783$238,937$23,295$496,551
22$796,722$252,975$24,459$519,288
23$836,558$267,714$25,682$543,162
24$878,386$283,191$26,966$568,229
25$922,305$299,441$28,315$594,550
26$968,421$316,503$29,731$622,187
27$1,016,842$334,419$31,217$651,205
28$1,067,684$353,231$32,778$681,675
29$1,121,068$372,983$34,417$713,668
30$1,177,121$393,723$36,138$747,261
Total$19,000,000$5,835,313$583,301$12,581,387

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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.