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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Oct 4, 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 $108,000,000 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:Fri, Oct 4, 2024
Jackpot:$108,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$559,643$49,905$1,016,007
2$1,706,833$589,716$52,400$1,064,717
3$1,792,174$621,292$55,020$1,115,862
4$1,881,783$654,448$57,771$1,169,565
5$1,975,872$689,260$60,659$1,225,952
6$2,074,666$725,814$63,692$1,285,159
7$2,178,399$764,195$66,877$1,347,327
8$2,287,319$804,496$70,221$1,412,603
9$2,401,685$846,811$73,732$1,481,142
10$2,521,769$891,242$77,418$1,553,109
11$2,647,858$937,895$81,289$1,628,673
12$2,780,251$986,881$85,354$1,708,016
13$2,919,263$1,038,315$89,621$1,791,327
14$3,065,226$1,092,322$94,102$1,878,802
15$3,218,488$1,149,028$98,808$1,970,652
16$3,379,412$1,208,570$103,748$2,067,094
17$3,548,383$1,271,089$108,935$2,168,358
18$3,725,802$1,336,734$114,382$2,274,685
19$3,912,092$1,405,662$120,101$2,386,329
20$4,107,697$1,478,035$126,106$2,503,555
21$4,313,081$1,554,028$132,412$2,626,642
22$4,528,735$1,633,820$139,032$2,755,883
23$4,755,172$1,717,601$145,984$2,891,587
24$4,992,931$1,805,572$153,283$3,034,076
25$5,242,577$1,897,941$160,947$3,183,689
26$5,504,706$1,994,929$168,994$3,340,783
27$5,779,942$2,096,766$177,444$3,505,731
28$6,068,939$2,203,695$186,316$3,678,927
29$6,372,385$2,315,970$195,632$3,860,783
30$6,691,005$2,433,860$205,414$4,051,731
Total$108,000,000$38,705,630$3,315,599$65,978,766

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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.