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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for May 27, 2011

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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 $35,000,000 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, May 27, 2011
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$153,149$16,173$357,478
2$553,140$162,368$16,981$373,791
3$580,797$172,048$17,830$390,918
4$609,837$182,212$18,722$408,903
5$640,329$192,884$19,658$427,786
6$672,345$204,725$20,641$446,979
7$705,963$217,163$21,673$467,126
8$741,261$230,224$22,757$488,280
9$778,324$243,937$23,895$510,492
10$817,240$258,336$25,089$533,815
11$858,102$273,455$26,344$558,303
12$901,007$289,330$27,661$584,016
13$946,058$305,999$29,044$611,015
14$993,360$323,501$30,496$639,364
15$1,043,028$341,878$32,021$669,130
16$1,095,180$361,174$33,622$700,384
17$1,149,939$381,435$35,303$733,201
18$1,207,436$402,708$37,068$767,659
19$1,267,808$425,046$38,922$803,840
20$1,331,198$448,500$40,868$841,830
21$1,397,758$473,128$42,911$881,719
22$1,467,646$498,986$45,057$923,603
23$1,541,028$526,138$47,310$967,581
24$1,618,079$554,647$49,675$1,013,758
25$1,698,983$584,581$52,159$1,062,243
26$1,783,933$616,012$54,767$1,113,154
27$1,873,129$649,015$57,505$1,166,609
28$1,966,786$683,668$60,380$1,222,737
29$2,065,125$720,053$63,399$1,281,672
30$2,168,381$758,258$66,569$1,343,554
Total$35,000,000$11,634,558$1,074,500$22,290,940

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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.