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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,352,069$198,232$3,906,764
2$6,779,919$2,471,525$208,144$4,100,250
3$7,118,915$2,596,953$218,551$4,303,411
4$7,474,861$2,728,654$229,478$4,516,729
5$7,848,603$2,866,938$240,952$4,740,713
6$8,241,034$3,012,138$253,000$4,975,897
7$8,653,086$3,164,597$265,650$5,222,839
8$9,085,740$3,324,679$278,932$5,482,129
9$9,540,027$3,492,765$292,879$5,754,383
10$10,017,028$3,669,255$307,523$6,040,250
11$10,517,880$3,854,570$322,899$6,340,410
12$11,043,774$4,049,151$339,044$6,655,579
13$11,595,962$4,253,461$355,996$6,986,505
14$12,175,760$4,467,986$373,796$7,333,978
15$12,784,548$4,693,238$392,486$7,698,825
16$13,423,776$4,929,752$412,110$8,081,914
17$14,094,964$5,178,092$432,715$8,484,157
18$14,799,713$5,438,849$454,351$8,906,513
19$15,539,698$5,712,643$477,069$9,349,986
20$16,316,683$6,000,128$500,922$9,815,633
21$17,132,517$6,301,986$525,968$10,304,563
22$17,989,143$6,618,938$552,267$10,817,939
23$18,888,601$6,951,737$579,880$11,356,983
24$19,833,030$7,301,176$608,874$11,922,980
25$20,824,682$7,668,087$639,318$12,517,277
26$21,865,916$8,053,344$671,284$13,141,289
27$22,959,212$8,457,863$704,848$13,796,501
28$24,107,172$8,882,609$740,090$14,484,473
29$25,312,531$9,328,592$777,095$15,206,845
30$26,578,158$9,796,873$815,949$15,965,335
Total$429,000,001$157,618,648$13,170,302$258,211,050

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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.