USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 1999

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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 $22,000,000 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, Jan 12, 1999
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$86,271$10,166$234,695
2$347,688$92,066$10,674$244,949
3$365,073$98,150$11,208$255,715
4$383,326$104,539$11,768$267,019
5$402,492$111,247$12,357$278,889
6$422,617$118,291$12,974$291,352
7$443,748$125,687$13,623$304,438
8$465,935$133,452$14,304$318,179
9$489,232$141,606$15,019$332,607
10$513,694$150,168$15,770$347,756
11$539,378$159,157$16,559$363,662
12$566,347$168,596$17,387$380,364
13$594,665$178,507$18,256$397,901
14$624,398$189,215$19,169$416,014
15$655,618$200,766$20,127$434,724
16$688,399$212,895$21,134$454,370
17$722,819$225,631$22,191$474,997
18$758,960$239,003$23,300$496,657
19$796,908$253,044$24,465$519,399
20$836,753$267,786$25,688$543,278
21$878,591$283,266$26,973$568,352
22$922,520$299,520$28,321$594,679
23$968,646$316,587$29,737$622,322
24$1,017,078$334,507$31,224$651,347
25$1,067,932$353,323$32,786$681,824
26$1,121,329$373,079$34,425$713,825
27$1,177,395$393,824$36,146$747,425
28$1,236,265$415,606$37,953$782,706
29$1,298,079$438,477$39,851$819,751
30$1,362,982$462,491$41,844$858,648
Total$22,000,000$6,926,757$675,399$14,397,844

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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.