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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Apr 13, 2021

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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 $220,000,000 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, Apr 13, 2021
Jackpot:$220,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,311,316$1,181,144$101,657$2,028,514
2$3,476,882$1,242,403$106,740$2,127,738
3$3,650,726$1,306,726$112,077$2,231,923
4$3,833,262$1,374,264$117,681$2,341,317
5$4,024,925$1,445,179$123,565$2,456,180
6$4,226,171$1,519,641$129,743$2,576,787
7$4,437,480$1,597,825$136,231$2,703,424
8$4,659,354$1,679,918$143,042$2,836,393
9$4,892,322$1,766,116$150,194$2,976,011
10$5,136,938$1,856,624$157,704$3,122,609
11$5,393,784$1,951,657$165,589$3,276,538
12$5,663,474$2,051,442$173,869$3,438,163
13$5,946,647$2,156,217$182,562$3,607,868
14$6,243,980$2,266,230$191,690$3,786,060
15$6,556,179$2,381,743$201,275$3,973,161
16$6,883,988$2,503,033$211,338$4,169,617
17$7,228,187$2,630,386$221,905$4,375,895
18$7,589,596$2,764,108$233,001$4,592,488
19$7,969,076$2,904,515$244,651$4,819,910
20$8,367,530$3,051,943$256,883$5,058,703
21$8,785,906$3,206,743$269,727$5,309,436
22$9,225,202$3,369,282$283,214$5,572,706
23$9,686,462$3,539,948$297,374$5,849,139
24$10,170,785$3,719,148$312,243$6,139,394
25$10,679,324$3,907,307$327,855$6,444,162
26$11,213,290$4,104,875$344,248$6,764,168
27$11,773,955$4,312,321$361,460$7,100,174
28$12,362,653$4,530,139$379,533$7,452,980
29$12,980,785$4,758,848$398,510$7,823,427
30$13,629,825$4,998,992$418,436$8,212,397
Total$220,000,000$80,078,717$6,753,997$133,167,282

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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.