USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jun 4, 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 $12,000,000 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, Jun 4, 2013
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$180,617$35,946$5,545$139,126
2$189,648$38,114$5,822$145,712
3$199,130$40,389$6,113$152,628
4$209,087$43,364$6,419$159,304
5$219,541$46,709$6,740$166,092
6$230,518$50,222$7,077$173,220
7$242,044$53,910$7,431$180,703
8$254,147$57,783$7,802$188,561
9$266,854$62,168$8,192$196,493
10$280,197$66,838$8,602$204,756
11$294,206$71,741$9,032$213,433
12$308,917$76,890$9,484$222,543
13$324,363$82,296$9,958$232,108
14$340,581$87,972$10,456$242,152
15$357,610$93,933$10,979$252,698
16$375,490$100,191$11,528$263,772
17$394,265$106,762$12,104$275,399
18$413,978$113,662$12,709$287,607
19$434,677$120,906$13,345$300,426
20$456,411$128,513$14,012$313,886
21$479,231$136,500$14,712$328,019
22$503,193$144,887$15,448$342,858
23$528,352$153,693$16,220$358,439
24$554,770$162,939$17,031$374,800
25$582,509$172,647$17,883$391,978
26$611,634$182,841$18,777$410,016
27$642,216$193,577$19,716$428,923
28$674,327$205,458$20,702$448,167
29$708,043$217,933$21,737$468,373
30$743,445$231,032$22,824$489,589
Total$12,000,000$3,279,816$368,400$8,351,781

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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.