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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Oct 1, 2024

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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 $93,000,000 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, Oct 1, 2024
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$476,108$42,973$880,702
2$1,469,773$502,004$45,122$922,647
3$1,543,261$529,194$47,378$966,689
4$1,620,424$557,745$49,747$1,012,933
5$1,701,446$587,723$52,234$1,061,489
6$1,786,518$619,199$54,846$1,112,472
7$1,875,844$652,250$57,588$1,166,005
8$1,969,636$686,953$60,468$1,222,215
9$2,068,118$723,391$63,491$1,281,235
10$2,171,524$761,651$66,666$1,343,206
11$2,280,100$801,825$69,999$1,408,276
12$2,394,105$844,007$73,499$1,476,599
13$2,513,810$888,297$77,174$1,548,339
14$2,639,501$934,803$81,033$1,623,665
15$2,771,476$983,634$85,084$1,702,758
16$2,910,049$1,034,906$89,339$1,785,805
17$3,055,552$1,088,742$93,805$1,873,004
18$3,208,329$1,145,270$98,496$1,964,564
19$3,368,746$1,204,624$103,420$2,060,702
20$3,537,183$1,266,946$108,592$2,161,646
21$3,714,042$1,332,383$114,021$2,267,638
22$3,899,744$1,401,093$119,722$2,378,929
23$4,094,732$1,473,238$125,708$2,495,785
24$4,299,468$1,548,991$131,994$2,618,483
25$4,514,442$1,628,531$138,593$2,747,317
26$4,740,164$1,712,048$145,523$2,882,592
27$4,977,172$1,799,741$152,799$3,024,631
28$5,226,030$1,891,819$160,439$3,173,772
29$5,487,332$1,988,501$168,461$3,330,370
30$5,761,699$2,090,016$176,884$3,494,798
Total$93,000,000$33,155,633$2,855,098$56,989,266

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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.