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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$742,254$65,153$1,314,846
2$2,228,365$781,515$68,411$1,378,439
3$2,339,783$822,740$71,831$1,445,212
4$2,456,772$866,026$75,423$1,515,323
5$2,579,611$911,476$79,194$1,588,941
6$2,708,592$959,199$83,154$1,666,239
7$2,844,021$1,009,308$87,311$1,747,402
8$2,986,222$1,061,922$91,677$1,832,623
9$3,135,533$1,117,168$96,261$1,922,105
10$3,292,310$1,175,175$101,074$2,016,061
11$3,456,925$1,236,083$106,128$2,114,715
12$3,629,772$1,300,036$111,434$2,218,302
13$3,811,260$1,367,187$117,006$2,327,068
14$4,001,823$1,437,695$122,856$2,441,272
15$4,201,914$1,511,729$128,999$2,561,187
16$4,412,010$1,589,464$135,449$2,687,098
17$4,632,611$1,671,086$142,221$2,819,303
18$4,864,241$1,756,790$149,332$2,958,120
19$5,107,453$1,846,778$156,799$3,103,877
20$5,362,826$1,941,266$164,639$3,256,921
21$5,630,967$2,040,478$172,871$3,417,618
22$5,912,516$2,144,651$181,514$3,586,350
23$6,208,141$2,254,033$190,590$3,763,519
24$6,518,548$2,368,883$200,119$3,949,546
25$6,844,476$2,489,476$210,125$4,144,874
26$7,186,700$2,616,099$220,632$4,349,969
27$7,546,035$2,749,053$231,663$4,565,318
28$7,923,336$2,888,655$243,246$4,791,435
29$8,319,503$3,035,236$255,409$5,028,858
30$8,735,478$3,189,147$268,179$5,278,152
Total$141,000,000$50,880,608$4,328,700$85,790,693

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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.