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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 2025 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$2,346,135$198,232$3,912,699
2$6,779,919$2,465,590$208,144$4,106,185
3$7,118,915$2,591,019$218,551$4,309,345
4$7,474,861$2,722,719$229,478$4,522,664
5$7,848,603$2,861,004$240,952$4,746,648
6$8,241,034$3,006,203$253,000$4,981,831
7$8,653,086$3,158,662$265,650$5,228,774
8$9,085,740$3,318,744$278,932$5,488,064
9$9,540,027$3,486,830$292,879$5,760,318
10$10,017,028$3,663,321$307,523$6,046,185
11$10,517,880$3,848,636$322,899$6,346,345
12$11,043,774$4,043,216$339,044$6,661,513
13$11,595,962$4,247,526$355,996$6,992,440
14$12,175,760$4,462,052$373,796$7,339,913
15$12,784,548$4,687,303$392,486$7,704,760
16$13,423,776$4,923,817$412,110$8,087,849
17$14,094,964$5,172,157$432,715$8,490,092
18$14,799,713$5,432,914$454,351$8,912,448
19$15,539,698$5,706,709$477,069$9,355,921
20$16,316,683$5,994,193$500,922$9,821,568
21$17,132,517$6,296,052$525,968$10,310,497
22$17,989,143$6,613,003$552,267$10,823,873
23$18,888,601$6,945,802$579,880$11,362,918
24$19,833,030$7,295,241$608,874$11,928,915
25$20,824,682$7,662,153$639,318$12,523,212
26$21,865,916$8,047,409$671,284$13,147,223
27$22,959,212$8,451,929$704,848$13,802,436
28$24,107,172$8,876,674$740,090$14,490,408
29$25,312,531$9,322,657$777,095$15,212,780
30$26,578,158$9,790,939$815,949$15,971,270
Total$429,000,001$157,440,609$13,170,302$258,389,094

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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.