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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$617,800$12,097,220
2$21,129,957$7,781,039$648,690$12,700,228
3$22,186,455$8,171,943$681,124$13,333,387
4$23,295,778$8,582,393$715,180$13,998,205
5$24,460,566$9,013,364$750,939$14,696,262
6$25,683,595$9,465,885$788,486$15,429,223
7$26,967,775$9,941,032$827,911$16,198,833
8$28,316,164$10,439,936$869,306$17,006,922
9$29,731,972$10,963,785$912,772$17,855,416
10$31,218,570$11,513,826$958,410$18,746,334
11$32,779,499$12,091,370$1,006,331$19,681,799
12$34,418,474$12,697,790$1,056,647$20,664,036
13$36,139,397$13,334,532$1,109,480$21,695,386
14$37,946,368$14,003,111$1,164,953$22,778,303
15$39,843,686$14,705,119$1,223,201$23,915,366
16$41,835,870$15,442,227$1,284,361$25,109,282
17$43,927,663$16,216,190$1,348,579$26,362,894
18$46,124,047$17,028,852$1,416,008$27,679,186
19$48,430,249$17,882,147$1,486,809$29,061,293
20$50,851,761$18,778,107$1,561,149$30,512,506
21$53,394,349$19,718,864$1,639,207$32,036,278
22$56,064,067$20,706,660$1,721,167$33,636,240
23$58,867,270$21,743,845$1,807,225$35,316,200
24$61,810,633$22,832,889$1,897,586$37,080,157
25$64,901,165$23,976,386$1,992,466$38,932,313
26$68,146,224$25,177,058$2,092,089$40,877,077
27$71,553,535$26,437,763$2,196,694$42,919,079
28$75,131,211$27,761,503$2,306,528$45,063,180
29$78,887,772$29,151,431$2,421,855$47,314,487
30$82,832,161$30,610,855$2,542,947$49,678,359
Total$1,337,000,003$493,578,651$41,045,900$802,375,451

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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.