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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

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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 $516,000,000 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:Fri, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$238,433$4,696,300
2$8,154,868$2,975,489$250,354$4,929,024
3$8,562,611$3,126,354$262,872$5,173,385
4$8,990,742$3,284,762$276,016$5,429,964
5$9,440,278$3,451,091$289,817$5,699,371
6$9,912,292$3,625,736$304,307$5,982,249
7$10,407,907$3,809,113$319,523$6,279,271
8$10,928,303$4,001,660$335,499$6,591,144
9$11,474,718$4,203,833$352,274$6,918,611
10$12,048,453$4,416,116$369,888$7,262,450
11$12,650,876$4,639,012$388,382$7,623,482
12$13,283,420$4,873,053$407,801$8,002,566
13$13,947,591$5,118,796$428,191$8,400,604
14$14,644,971$5,376,827$449,601$8,818,543
15$15,377,219$5,647,759$472,081$9,257,380
16$16,146,080$5,932,237$495,685$9,718,158
17$16,953,384$6,230,940$520,469$10,201,975
18$17,801,053$6,544,577$546,492$10,709,983
19$18,691,106$6,873,897$573,817$11,243,392
20$19,625,661$7,219,682$602,508$11,803,471
21$20,606,944$7,582,757$632,633$12,391,554
22$21,637,291$7,963,986$664,265$13,009,041
23$22,719,156$8,364,275$697,478$13,657,402
24$23,855,113$8,784,580$732,352$14,338,182
25$25,047,869$9,225,899$768,970$15,053,000
26$26,300,263$9,689,285$807,418$15,803,560
27$27,615,276$10,175,840$847,789$16,591,647
28$28,996,040$10,686,722$890,178$17,419,139
29$30,445,842$11,223,149$934,687$18,288,005
30$31,968,134$11,786,397$981,422$19,200,315
Total$516,000,001$189,665,632$15,841,202$310,493,168

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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.