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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 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 $333,000,000 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 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$153,872$3,040,813
2$5,262,734$1,910,167$161,566$3,191,002
3$5,525,871$2,007,527$169,644$3,348,699
4$5,802,165$2,109,756$178,126$3,514,282
5$6,092,273$2,217,096$187,033$3,688,144
6$6,396,886$2,329,803$196,384$3,870,699
7$6,716,731$2,448,145$206,204$4,062,382
8$7,052,567$2,572,405$216,514$4,263,649
9$7,405,196$2,702,877$227,340$4,474,979
10$7,775,455$2,839,874$238,706$4,696,875
11$8,164,228$2,983,719$250,642$4,929,867
12$8,572,440$3,134,758$263,174$5,174,508
13$9,001,062$3,293,348$276,333$5,431,381
14$9,451,115$3,459,867$290,149$5,701,098
15$9,923,670$3,634,713$304,657$5,984,301
16$10,419,854$3,818,301$319,890$6,281,664
17$10,940,847$4,011,068$335,884$6,593,894
18$11,487,889$4,213,474$352,678$6,921,737
19$12,062,283$4,426,000$370,312$7,265,971
20$12,665,398$4,649,152$388,828$7,627,418
21$13,298,667$4,883,462$408,269$8,006,936
22$13,963,601$5,129,487$428,683$8,405,431
23$14,661,781$5,387,814$450,117$8,823,850
24$15,394,870$5,659,057$472,623$9,263,190
25$16,164,613$5,943,862$496,254$9,724,498
26$16,972,844$6,242,907$521,066$10,208,871
27$17,821,486$6,556,905$547,120$10,717,462
28$18,712,560$6,886,602$574,476$11,251,482
29$19,648,188$7,232,785$603,199$11,812,204
30$20,630,598$7,596,276$633,359$12,400,962
Total$333,000,001$122,098,649$10,223,102$200,678,249

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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.