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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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The tax information provided here is based on 2022 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 $77,000,000 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 prize money, as well as deductions claimed.

State:

Pennsylvania

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$35,580$731,610
2$1,216,909$413,211$37,359$766,338
3$1,277,754$435,724$39,227$802,803
4$1,341,642$459,362$41,188$841,091
5$1,408,724$484,183$43,248$881,293
6$1,479,160$510,244$45,410$923,506
7$1,553,118$537,609$47,681$967,829
8$1,630,774$566,341$50,065$1,014,368
9$1,712,313$596,511$52,568$1,063,234
10$1,797,928$628,188$55,196$1,114,543
11$1,887,825$661,450$57,956$1,168,418
12$1,982,216$696,375$60,854$1,224,987
13$2,081,327$733,046$63,897$1,284,384
14$2,185,393$771,550$67,092$1,346,751
15$2,294,663$811,980$70,446$1,412,236
16$2,409,396$854,431$73,968$1,480,996
17$2,529,865$899,005$77,667$1,553,193
18$2,656,359$945,808$81,550$1,629,001
19$2,789,177$994,950$85,628$1,708,599
20$2,928,635$1,046,550$89,909$1,792,176
21$3,075,067$1,100,730$94,405$1,879,933
22$3,228,821$1,157,619$99,125$1,972,077
23$3,390,262$1,217,352$104,081$2,068,829
24$3,559,775$1,280,072$109,285$2,170,418
25$3,737,763$1,345,927$114,749$2,277,087
26$3,924,652$1,415,076$120,487$2,389,089
27$4,120,884$1,487,682$126,511$2,506,691
28$4,326,928$1,563,918$132,837$2,630,173
29$4,543,275$1,643,967$139,479$2,759,830
30$4,770,439$1,728,017$146,452$2,895,969
Total$77,000,000$27,378,648$2,363,900$47,257,452

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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.