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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

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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 $387,000,000 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, Nov 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$178,825$3,533,846
2$6,116,151$2,219,996$187,766$3,708,389
3$6,421,958$2,333,145$197,154$3,891,659
4$6,743,056$2,451,951$207,012$4,084,093
5$7,080,209$2,576,697$217,362$4,286,149
6$7,434,219$2,707,681$228,231$4,498,307
7$7,805,930$2,845,215$239,642$4,721,074
8$8,196,227$2,989,624$251,624$4,954,979
9$8,606,038$3,141,254$264,205$5,200,578
10$9,036,340$3,300,466$277,416$5,458,458
11$9,488,157$3,467,638$291,286$5,729,232
12$9,962,565$3,643,169$305,851$6,013,545
13$10,460,693$3,827,477$321,143$6,312,073
14$10,983,728$4,021,000$337,200$6,625,528
15$11,532,914$4,224,199$354,060$6,954,655
16$12,109,560$4,437,557$371,763$7,300,239
17$12,715,038$4,661,584$390,352$7,663,102
18$13,350,790$4,896,812$409,869$8,044,108
19$14,018,329$5,143,802$430,363$8,444,164
20$14,719,246$5,403,141$451,881$8,864,224
21$15,455,208$5,675,447$474,475$9,305,286
22$16,227,968$5,961,369$498,199$9,768,401
23$17,039,367$6,261,586$523,109$10,254,672
24$17,891,335$6,576,814$549,264$10,765,257
25$18,785,902$6,907,804$576,727$11,301,371
26$19,725,197$7,255,343$605,564$11,864,290
27$20,711,457$7,620,259$635,842$12,455,356
28$21,747,030$8,003,421$667,634$13,075,975
29$22,834,381$8,405,741$701,016$13,727,624
30$23,976,100$8,828,177$736,066$14,411,857
Total$387,000,001$141,900,604$11,880,901$233,218,491

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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.