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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Mar 19, 2002

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The tax information provided here is based on 2025 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 $48,000,000 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, Mar 19, 2002
Jackpot:$48,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$722,469$224,334$22,180$475,955
2$758,592$237,699$23,289$497,604
3$796,522$251,733$24,453$520,335
4$836,348$266,469$25,676$544,203
5$878,165$281,941$26,960$569,264
6$922,074$298,188$28,308$595,579
7$968,177$315,246$29,723$623,208
8$1,016,586$333,157$31,209$652,220
9$1,067,416$351,964$32,770$682,682
10$1,120,786$371,711$34,408$714,667
11$1,176,826$392,446$36,129$748,251
12$1,235,667$414,217$37,935$783,515
13$1,297,450$437,077$39,832$820,542
14$1,362,323$461,080$41,823$859,420
15$1,430,439$486,283$43,914$900,242
16$1,501,961$512,746$46,110$943,105
17$1,577,059$540,532$48,416$988,111
18$1,655,912$569,708$50,836$1,035,368
19$1,738,708$600,342$53,378$1,084,987
20$1,825,643$632,508$56,047$1,137,088
21$1,916,925$666,283$58,850$1,191,793
22$2,012,771$701,746$61,792$1,249,234
23$2,113,410$738,982$64,882$1,309,546
24$2,219,080$778,080$68,126$1,372,875
25$2,330,034$819,133$71,532$1,439,369
26$2,446,536$862,239$75,109$1,509,189
27$2,568,863$907,500$78,864$1,582,499
28$2,697,306$955,023$82,807$1,659,475
29$2,832,171$1,004,924$86,948$1,740,300
30$2,973,780$1,057,319$91,295$1,825,166
Total$48,000,000$16,470,610$1,473,601$30,055,792

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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.