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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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The tax information provided here is based on 2024 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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$542,936$48,518$988,946
2$1,659,421$572,173$50,944$1,036,303
3$1,742,392$602,873$53,491$1,086,028
4$1,829,511$635,107$56,166$1,138,238
5$1,920,987$668,953$58,974$1,193,060
6$2,017,036$704,491$61,923$1,250,622
7$2,117,888$741,806$65,019$1,311,063
8$2,223,783$780,987$68,270$1,374,525
9$2,334,972$822,127$71,684$1,441,161
10$2,451,720$865,324$75,268$1,511,128
11$2,574,306$910,681$79,031$1,584,594
12$2,703,022$958,306$82,983$1,661,733
13$2,838,173$1,008,312$87,132$1,742,729
14$2,980,081$1,060,818$91,488$1,827,775
15$3,129,085$1,115,949$96,063$1,917,073
16$3,285,540$1,173,837$100,866$2,010,836
17$3,449,816$1,234,620$105,909$2,109,287
18$3,622,307$1,298,441$111,205$2,212,661
19$3,803,423$1,365,454$116,765$2,321,203
20$3,993,594$1,435,817$122,603$2,435,173
21$4,193,273$1,509,699$128,733$2,554,841
22$4,402,937$1,587,275$135,170$2,680,492
23$4,623,084$1,668,729$141,929$2,812,427
24$4,854,238$1,754,256$149,025$2,950,957
25$5,096,950$1,844,059$156,476$3,096,414
26$5,351,798$1,938,353$164,300$3,249,145
27$5,619,388$2,037,361$172,515$3,409,511
28$5,900,357$2,141,320$181,141$3,577,896
29$6,195,375$2,250,476$190,198$3,754,700
30$6,505,144$2,365,091$199,708$3,940,345
Total$105,000,000$37,595,631$3,223,497$64,180,866

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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.