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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Apr 9, 2002

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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 $155,000,000 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, Apr 9, 2002
Jackpot:$155,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,332,972$819,157$71,622$1,442,193
2$2,449,621$862,317$75,203$1,512,101
3$2,572,102$907,635$78,964$1,585,504
4$2,700,707$955,219$82,912$1,662,577
5$2,835,743$1,005,182$87,057$1,743,503
6$2,977,530$1,057,643$91,410$1,828,476
7$3,126,406$1,112,728$95,981$1,917,698
8$3,282,727$1,170,566$100,780$2,011,381
9$3,446,863$1,231,297$105,819$2,109,748
10$3,619,206$1,295,063$111,110$2,213,033
11$3,800,166$1,362,019$116,665$2,321,482
12$3,990,175$1,432,322$122,498$2,435,354
13$4,189,683$1,506,140$128,623$2,554,920
14$4,399,168$1,583,649$135,054$2,680,464
15$4,619,126$1,665,034$141,807$2,812,285
16$4,850,082$1,750,488$148,898$2,950,697
17$5,092,586$1,840,214$156,342$3,096,030
18$5,347,216$1,934,427$164,160$3,248,629
19$5,614,576$2,033,350$172,367$3,408,858
20$5,895,305$2,137,220$180,986$3,577,099
21$6,190,070$2,246,283$190,035$3,753,752
22$6,499,574$2,360,800$199,537$3,939,237
23$6,824,553$2,481,042$209,514$4,133,997
24$7,165,780$2,607,296$219,989$4,338,495
25$7,524,069$2,739,863$230,989$4,553,217
26$7,900,273$2,879,058$242,538$4,778,676
27$8,295,286$3,025,213$254,665$5,015,408
28$8,710,051$3,178,676$267,399$5,263,976
29$9,145,553$3,339,812$280,768$5,524,973
30$9,602,831$3,509,005$294,807$5,799,019
Total$155,000,000$56,028,718$4,758,499$94,212,782

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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.