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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for May 29, 2020

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The tax information provided here is based on 2021 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 $336,000,000 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, May 29, 2020
Jackpot:$336,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,057,282$1,835,267$155,259$3,066,757
2$5,310,146$1,928,826$163,021$3,218,298
3$5,575,654$2,027,064$171,173$3,377,417
4$5,854,436$2,130,214$179,731$3,544,492
5$6,147,158$2,238,521$188,718$3,719,920
6$6,454,516$2,352,243$198,154$3,904,119
7$6,777,242$2,471,652$208,061$4,097,529
8$7,116,104$2,597,031$218,464$4,300,609
9$7,471,909$2,728,679$229,388$4,513,843
10$7,845,505$2,866,909$240,857$4,737,739
11$8,237,780$3,012,051$252,900$4,972,829
12$8,649,669$3,164,450$265,545$5,219,674
13$9,082,152$3,324,469$278,822$5,478,862
14$9,536,260$3,492,488$292,763$5,751,008
15$10,013,073$3,668,909$307,401$6,036,762
16$10,513,727$3,854,151$322,771$6,336,804
17$11,039,413$4,048,655$338,910$6,651,848
18$11,591,383$4,252,884$355,855$6,982,644
19$12,170,953$4,467,325$373,648$7,329,980
20$12,779,500$4,692,487$392,331$7,694,682
21$13,418,475$4,928,908$411,947$8,077,620
22$14,089,399$5,177,150$432,545$8,479,705
23$14,793,869$5,437,804$454,172$8,901,893
24$15,533,562$5,711,490$476,880$9,345,192
25$16,310,240$5,998,861$500,724$9,810,655
26$17,125,753$6,300,601$525,761$10,299,391
27$17,982,040$6,617,427$552,049$10,812,564
28$18,881,142$6,950,095$579,651$11,351,396
29$19,825,199$7,299,396$608,634$11,917,170
30$20,816,459$7,666,162$639,065$12,511,232
Total$336,000,001$123,242,169$10,315,200$202,442,634

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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.