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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 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 $188,000,000 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:Tue, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$86,871$1,738,801
2$2,971,153$1,056,347$91,214$1,823,592
3$3,119,711$1,111,313$95,775$1,912,623
4$3,275,697$1,169,028$100,564$2,006,105
5$3,439,481$1,229,628$105,592$2,104,261
6$3,611,455$1,293,259$110,872$2,207,325
7$3,792,028$1,360,071$116,415$2,315,542
8$3,981,630$1,430,223$122,236$2,429,170
9$4,180,711$1,503,883$128,348$2,548,480
10$4,389,747$1,581,226$134,765$2,673,755
11$4,609,234$1,662,437$141,503$2,805,294
12$4,839,696$1,747,708$148,579$2,943,409
13$5,081,680$1,837,242$156,008$3,088,431
14$5,335,764$1,931,253$163,808$3,240,703
15$5,602,553$2,029,965$171,998$3,400,590
16$5,882,680$2,133,612$180,598$3,568,470
17$6,176,814$2,242,442$189,628$3,744,745
18$6,485,655$2,356,713$199,110$3,929,833
19$6,809,938$2,476,697$209,065$4,124,175
20$7,150,435$2,602,681$219,518$4,328,235
21$7,507,956$2,734,964$230,494$4,542,498
22$7,883,354$2,873,861$242,019$4,767,474
23$8,277,522$3,019,703$254,120$5,003,699
24$8,691,398$3,172,837$266,826$5,251,735
25$9,125,968$3,333,628$280,167$5,512,172
26$9,582,266$3,502,459$294,176$5,785,632
27$10,061,380$3,679,731$308,884$6,072,765
28$10,564,449$3,865,866$324,329$6,374,254
29$11,092,671$4,061,309$340,545$6,690,817
30$11,647,305$4,266,523$357,572$7,023,209
Total$188,000,000$68,270,607$5,771,599$113,957,794

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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.