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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$164,038$3,239,260
2$5,610,422$2,038,811$172,240$3,399,371
3$5,890,943$2,142,604$180,852$3,567,487
4$6,185,491$2,251,587$189,895$3,744,010
5$6,494,765$2,366,018$199,389$3,929,358
6$6,819,503$2,486,171$209,359$4,123,973
7$7,160,479$2,612,332$219,827$4,328,320
8$7,518,503$2,744,801$230,818$4,542,884
9$7,894,428$2,883,893$242,359$4,768,176
10$8,289,149$3,029,940$254,477$5,004,732
11$8,703,607$3,183,289$267,201$5,253,117
12$9,138,787$3,344,306$280,561$5,513,920
13$9,595,726$3,513,374$294,589$5,787,764
14$10,075,513$3,690,895$309,318$6,075,300
15$10,579,288$3,877,292$324,784$6,377,212
16$11,108,253$4,073,009$341,023$6,694,221
17$11,663,665$4,278,511$358,075$7,027,080
18$12,246,849$4,494,289$375,978$7,376,581
19$12,859,191$4,720,856$394,777$7,743,558
20$13,502,151$4,958,751$414,516$8,128,884
21$14,177,258$5,208,540$435,242$8,533,476
22$14,886,121$5,470,820$457,004$8,958,297
23$15,630,427$5,746,213$479,854$9,404,360
24$16,411,948$6,035,376$503,847$9,872,726
25$17,232,546$6,338,997$529,039$10,364,510
26$18,094,173$6,657,799$555,491$10,880,883
27$18,998,882$6,992,541$583,266$11,423,075
28$19,948,826$7,344,020$612,429$11,992,376
29$20,946,267$7,713,074$643,050$12,590,143
30$21,993,581$8,100,580$675,203$13,217,798
Total$355,000,001$130,238,650$10,898,501$213,862,852

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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.