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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 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 $284,000,000 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, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$131,230$2,598,817
2$4,488,338$1,623,640$137,792$2,726,906
3$4,712,755$1,706,674$144,682$2,861,399
4$4,948,393$1,793,860$151,916$3,002,617
5$5,195,812$1,885,405$159,511$3,150,895
6$5,455,603$1,981,528$167,487$3,306,588
7$5,728,383$2,082,457$175,861$3,470,065
8$6,014,802$2,188,432$184,654$3,641,716
9$6,315,542$2,299,706$193,887$3,821,950
10$6,631,319$2,416,543$203,582$4,011,195
11$6,962,885$2,539,223$213,761$4,209,902
12$7,311,030$2,668,036$224,449$4,418,545
13$7,676,581$2,803,290$235,671$4,637,620
14$8,060,410$2,945,307$247,455$4,867,649
15$8,463,431$3,094,424$259,827$5,109,179
16$8,886,602$3,250,998$272,819$5,362,786
17$9,330,932$3,415,400$286,460$5,629,073
18$9,797,479$3,588,022$300,783$5,908,674
19$10,287,353$3,769,276$315,822$6,202,255
20$10,801,720$3,959,592$331,613$6,510,516
21$11,341,806$4,159,423$348,193$6,834,190
22$11,908,897$4,369,247$365,603$7,174,047
23$12,504,342$4,589,561$383,883$7,530,897
24$13,129,559$4,820,892$403,077$7,905,589
25$13,786,036$5,063,789$423,231$8,299,017
26$14,475,339$5,318,830$444,393$8,712,115
27$15,199,105$5,586,624$466,613$9,145,869
28$15,959,061$5,867,807$489,943$9,601,310
29$16,757,014$6,163,050$514,440$10,079,523
30$17,594,864$6,473,055$540,162$10,581,647
Total$284,000,001$103,968,651$8,718,800$171,312,551

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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.