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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$119,678$2,373,309
2$4,093,238$1,477,453$125,662$2,490,122
3$4,297,900$1,553,178$131,946$2,612,776
4$4,512,795$1,632,689$138,543$2,741,563
5$4,738,434$1,716,176$145,470$2,876,789
6$4,975,356$1,803,837$152,743$3,018,776
7$5,224,124$1,895,881$160,381$3,167,863
8$5,485,330$1,992,527$168,400$3,324,403
9$5,759,597$2,094,006$176,820$3,488,771
10$6,047,576$2,200,558$185,661$3,661,358
11$6,349,955$2,312,438$194,944$3,842,573
12$6,667,453$2,429,913$204,691$4,032,850
13$7,000,826$2,553,261$214,925$4,232,640
14$7,350,867$2,682,776$225,672$4,442,420
15$7,718,410$2,818,767$236,955$4,662,688
16$8,104,331$2,961,557$248,803$4,893,971
17$8,509,547$3,111,488$261,243$5,136,817
18$8,935,025$3,268,914$274,305$5,391,805
19$9,381,776$3,434,212$288,021$5,659,543
20$9,850,865$3,607,775$302,422$5,940,668
21$10,343,408$3,790,016$317,543$6,235,849
22$10,860,578$3,981,369$333,420$6,545,790
23$11,403,607$4,182,290$350,091$6,871,227
24$11,973,788$4,393,256$367,595$7,212,936
25$12,572,477$4,614,771$385,975$7,571,730
26$13,201,101$4,847,362$405,274$7,948,465
27$13,861,156$5,091,583$425,537$8,344,036
28$14,554,214$5,348,014$446,814$8,759,385
29$15,281,924$5,617,267$469,155$9,195,502
30$16,046,021$5,899,983$492,613$9,653,425
Total$259,000,001$94,718,651$7,951,302$156,330,050

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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.