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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$166,348$3,290,297
2$5,689,443$2,062,114$174,666$3,452,663
3$5,973,915$2,167,369$183,399$3,623,147
4$6,272,610$2,277,886$192,569$3,802,155
5$6,586,241$2,393,929$202,198$3,990,114
6$6,915,553$2,515,775$212,307$4,187,471
7$7,261,331$2,643,713$222,923$4,394,695
8$7,624,397$2,778,047$234,069$4,612,281
9$8,005,617$2,919,099$245,772$4,840,746
10$8,405,898$3,067,202$258,061$5,080,634
11$8,826,193$3,222,712$270,964$5,332,517
12$9,267,502$3,385,996$284,512$5,596,994
13$9,730,877$3,557,445$298,738$5,874,695
14$10,217,421$3,737,466$313,675$6,166,280
15$10,728,292$3,926,488$329,359$6,472,445
16$11,264,707$4,124,962$345,827$6,793,919
17$11,827,942$4,333,359$363,118$7,131,466
18$12,419,339$4,552,176$381,274$7,485,890
19$13,040,306$4,781,934$400,337$7,858,035
20$13,692,322$5,023,179$420,354$8,248,788
21$14,376,938$5,276,487$441,372$8,659,079
22$15,095,785$5,542,461$463,441$9,089,883
23$15,850,574$5,821,733$486,613$9,542,229
24$16,643,102$6,114,968$510,943$10,017,191
25$17,475,258$6,422,866$536,490$10,515,902
26$18,349,021$6,746,158$563,315$11,039,548
27$19,266,472$7,085,615$591,481$11,589,376
28$20,229,795$7,442,044$621,055$12,166,696
29$21,241,285$7,816,296$652,107$12,772,882
30$22,303,349$8,209,259$684,713$13,409,377
Total$360,000,001$131,910,609$11,052,000$217,037,395

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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.