USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Oct 18, 2013

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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 $37,000,000 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 18, 2013
Jackpot:$37,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$556,903$163,685$17,097$376,121
2$584,748$173,431$17,952$393,365
3$613,986$183,664$18,849$411,472
4$644,685$194,491$19,792$430,402
5$676,919$206,417$20,781$449,720
6$710,765$218,940$21,820$470,004
7$746,303$232,090$22,912$491,302
8$783,619$245,896$24,057$513,665
9$822,800$260,393$25,260$537,147
10$863,939$275,615$26,523$561,802
11$907,136$291,598$27,849$587,690
12$952,493$308,380$29,242$614,872
13$1,000,118$326,001$30,704$643,413
14$1,050,124$344,503$32,239$673,382
15$1,102,630$363,930$33,851$704,849
16$1,157,762$384,329$35,543$737,889
17$1,215,650$405,748$37,320$772,582
18$1,276,432$428,237$39,186$809,009
19$1,340,254$451,851$41,146$847,257
20$1,407,266$476,646$43,203$887,418
21$1,477,630$502,680$45,363$929,586
22$1,551,511$530,016$47,631$973,863
23$1,629,087$558,719$50,013$1,020,354
24$1,710,541$588,857$52,514$1,069,170
25$1,796,068$620,502$55,139$1,120,426
26$1,885,872$653,730$57,896$1,174,246
27$1,980,165$688,618$60,791$1,230,756
28$2,079,173$725,251$63,831$1,290,091
29$2,183,132$763,716$67,022$1,352,394
30$2,292,289$804,104$70,373$1,417,811
Total$37,000,000$12,372,038$1,135,899$23,492,058

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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.