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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$520,660$46,670$952,865
2$1,596,205$548,783$49,003$998,418
3$1,676,015$578,313$51,454$1,046,248
4$1,759,816$609,320$54,026$1,096,470
5$1,847,806$641,876$56,728$1,149,203
6$1,940,197$676,061$59,564$1,204,572
7$2,037,207$711,954$62,542$1,262,710
8$2,139,067$749,643$65,669$1,323,755
9$2,246,020$789,215$68,953$1,387,852
10$2,358,321$830,767$72,400$1,455,154
11$2,476,237$874,396$76,020$1,525,821
12$2,600,049$920,206$79,822$1,600,022
13$2,730,052$968,307$83,813$1,677,932
14$2,866,554$1,018,813$88,003$1,759,738
15$3,009,882$1,071,844$92,403$1,845,635
16$3,160,376$1,127,527$97,024$1,935,826
17$3,318,395$1,185,994$101,875$2,030,526
18$3,484,315$1,247,384$106,968$2,129,962
19$3,658,530$1,311,844$112,317$2,234,370
20$3,841,457$1,379,527$117,933$2,343,997
21$4,033,530$1,450,594$123,829$2,459,107
22$4,235,206$1,525,214$130,021$2,579,971
23$4,446,967$1,603,565$136,522$2,706,879
24$4,669,315$1,685,834$143,348$2,840,133
25$4,902,781$1,772,217$150,515$2,980,049
26$5,147,920$1,862,918$158,041$3,126,961
27$5,405,316$1,958,155$165,943$3,281,218
28$5,675,581$2,058,153$174,240$3,443,188
29$5,959,360$2,163,151$182,952$3,613,257
30$6,257,329$2,273,399$192,100$3,791,829
Total$101,000,000$36,115,634$3,100,698$61,783,668

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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.