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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Oct 26, 2001

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The tax information provided here is based on 2026 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, Oct 26, 2001
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$25,109$4,159$106,195
2$142,236$26,735$4,367$111,135
3$149,348$28,441$4,585$116,321
4$156,815$30,234$4,814$121,767
5$164,656$32,115$5,055$127,486
6$172,889$34,091$5,308$133,490
7$181,533$36,166$5,573$139,794
8$190,610$38,344$5,852$146,414
9$200,140$40,632$6,144$153,364
10$210,147$43,703$6,452$159,993
11$220,655$47,066$6,774$166,815
12$231,688$50,596$7,113$173,979
13$243,272$54,303$7,468$181,500
14$255,436$58,195$7,842$189,398
15$268,207$62,642$8,234$197,332
16$281,618$67,335$8,646$205,637
17$295,699$72,264$9,078$214,357
18$310,483$77,438$9,532$223,513
19$326,008$82,872$10,008$233,127
20$342,308$88,577$10,509$243,222
21$359,423$94,567$11,034$253,822
22$377,395$100,857$11,586$264,951
23$396,264$107,462$12,165$276,637
24$416,078$114,396$12,774$288,908
25$436,881$121,678$13,412$301,791
26$458,726$129,323$14,083$315,319
27$481,662$137,351$14,787$329,524
28$505,745$145,780$15,526$344,439
29$531,032$154,630$16,303$360,099
30$557,584$163,924$17,118$376,542
Total$9,000,000$2,266,826$276,301$6,456,871

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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.