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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Jun 13, 2023

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The tax information provided here is based on 2024 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 $260,000,000 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, Jun 13, 2023
Jackpot:$260,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,913,373$1,406,136$120,141$2,387,097
2$4,109,042$1,478,533$126,148$2,504,361
3$4,314,494$1,554,550$132,455$2,627,488
4$4,530,219$1,634,369$139,078$2,756,772
5$4,756,729$1,718,178$146,032$2,892,520
6$4,994,566$1,806,177$153,333$3,035,056
7$5,244,294$1,898,577$161,000$3,184,718
8$5,506,509$1,995,596$169,050$3,341,863
9$5,781,835$2,097,467$177,502$3,506,866
10$6,070,926$2,204,430$186,377$3,680,118
11$6,374,473$2,316,743$195,696$3,862,034
12$6,693,196$2,434,670$205,481$4,053,045
13$7,027,856$2,558,494$215,755$4,253,606
14$7,379,249$2,688,510$226,543$4,464,196
15$7,748,211$2,825,026$237,870$4,685,315
16$8,135,622$2,968,368$249,764$4,917,490
17$8,542,403$3,118,877$262,252$5,161,274
18$8,969,523$3,276,911$275,364$5,417,247
19$9,417,999$3,442,847$289,133$5,686,019
20$9,888,899$3,617,080$303,589$5,968,229
21$10,383,344$3,800,025$318,769$6,264,550
22$10,902,511$3,992,117$334,707$6,575,687
23$11,447,637$4,193,813$351,442$6,902,381
24$12,020,018$4,405,595$369,015$7,245,409
25$12,621,019$4,627,965$387,465$7,605,589
26$13,252,071$4,861,454$406,839$7,983,778
27$13,914,674$5,106,617$427,180$8,380,876
28$14,610,408$5,364,039$448,540$8,797,829
29$15,340,928$5,634,331$470,966$9,235,630
30$16,107,974$5,918,138$494,515$9,695,321
Total$260,000,001$94,945,633$7,982,001$157,072,364

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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.