USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jun 17, 2005

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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 $25,000,000 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, Jun 17, 2005
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$101,247$11,552$263,487
2$395,100$107,832$12,130$275,138
3$414,855$114,747$12,736$287,373
4$435,598$122,007$13,373$300,219
5$457,378$129,629$14,041$313,707
6$480,247$137,634$14,744$327,870
7$504,259$146,038$15,481$342,740
8$529,472$154,862$16,255$358,355
9$555,946$164,128$17,068$374,750
10$583,743$173,857$17,921$391,965
11$612,930$184,073$18,817$410,040
12$643,577$195,144$19,758$428,675
13$675,755$207,050$20,746$447,960
14$709,543$219,551$21,783$468,209
15$745,020$232,678$22,872$489,470
16$782,271$246,461$24,016$511,795
17$821,385$260,933$25,217$535,236
18$862,454$276,128$26,477$559,849
19$905,577$292,084$27,801$585,692
20$950,856$308,837$29,191$612,828
21$998,398$326,428$30,651$641,320
22$1,048,318$344,898$32,183$671,237
23$1,100,734$364,292$33,793$702,650
24$1,155,771$384,656$35,482$735,633
25$1,213,560$406,037$37,256$770,266
26$1,274,238$428,488$39,119$806,630
27$1,337,949$452,062$41,075$844,813
28$1,404,847$476,814$43,129$884,904
29$1,475,089$502,803$45,285$927,001
30$1,548,844$530,092$47,550$971,202
Total$25,000,000$7,991,490$767,502$16,241,014

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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.