USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Aug 7, 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 $13,000,000 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, Aug 7, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$6,007$149,361
2$205,452$43,431$6,307$155,714
3$215,725$46,718$6,623$162,384
4$226,511$50,170$6,954$169,387
5$237,836$53,794$7,302$176,741
6$249,728$57,780$7,667$184,282
7$262,215$62,150$8,050$192,015
8$275,325$66,739$8,452$200,134
9$289,092$71,557$8,875$208,660
10$303,546$76,616$9,319$217,611
11$318,724$81,928$9,785$227,011
12$334,660$87,506$10,274$236,880
13$351,393$93,362$10,788$247,243
14$368,962$99,512$11,327$258,124
15$387,411$105,968$11,894$269,549
16$406,781$112,748$12,488$281,545
17$427,120$119,867$13,113$294,141
18$448,476$127,341$13,768$307,367
19$470,900$135,190$14,457$321,254
20$494,445$143,430$15,179$335,835
21$519,167$152,083$15,938$351,145
22$545,126$161,169$16,735$367,222
23$572,382$170,708$17,572$384,101
24$601,001$180,725$18,451$401,825
25$631,051$191,677$19,373$420,001
26$662,604$203,351$20,342$438,911
27$695,734$215,609$21,359$458,765
28$730,520$228,480$22,427$479,613
29$767,046$241,995$23,548$501,503
30$805,399$256,185$24,726$524,488
Total$13,000,000$3,678,089$399,100$8,922,812

◄ 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.