USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 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 $18,000,000 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 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$8,317$197,410
2$284,472$69,940$8,733$205,799
3$298,696$74,918$9,170$214,608
4$313,631$80,145$9,628$223,857
5$329,312$85,634$10,110$233,568
6$345,778$91,397$10,615$243,765
7$363,067$97,448$11,146$254,472
8$381,220$103,802$11,703$265,715
9$400,281$110,473$12,289$277,519
10$420,295$117,478$12,903$289,914
11$441,310$124,833$13,548$302,928
12$463,375$132,556$14,226$316,593
13$486,544$140,665$14,937$330,942
14$510,871$149,180$15,684$346,008
15$536,415$158,120$16,468$361,827
16$563,235$167,507$17,291$378,437
17$591,397$177,364$18,156$395,877
18$620,967$187,946$19,064$413,958
19$652,015$199,433$20,017$432,565
20$684,616$211,496$21,018$452,103
21$718,847$224,161$22,069$472,617
22$754,789$237,460$23,172$494,157
23$792,529$251,423$24,331$516,775
24$832,155$266,085$25,547$540,523
25$873,763$281,480$26,825$565,458
26$917,451$297,645$28,166$591,641
27$963,324$314,617$29,574$619,132
28$1,011,490$332,439$31,053$647,998
29$1,062,064$351,152$32,605$678,307
30$1,115,167$370,800$34,236$710,132
Total$18,000,000$5,472,796$552,601$11,974,605

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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.