USA Mega

Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Feb 23, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $525,000,000 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, Feb 23, 2024
Jackpot:$525,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,902,003$2,880,761$242,592$4,778,650
2$8,297,104$3,026,949$254,721$5,015,434
3$8,711,959$3,180,445$267,457$5,264,057
4$9,147,557$3,341,616$280,830$5,525,111
5$9,604,934$3,510,846$294,871$5,799,217
6$10,085,181$3,688,537$309,615$6,087,029
7$10,589,441$3,875,113$325,096$6,389,231
8$11,118,913$4,071,018$341,351$6,706,544
9$11,674,858$4,276,718$358,418$7,039,722
10$12,258,601$4,492,703$376,339$7,389,559
11$12,871,531$4,719,487$395,156$7,756,888
12$13,515,108$4,957,610$414,914$8,142,584
13$14,190,863$5,207,640$435,659$8,547,564
14$14,900,406$5,470,171$457,442$8,972,793
15$15,645,426$5,745,828$480,315$9,419,284
16$16,427,698$6,035,268$504,330$9,888,099
17$17,249,082$6,339,181$529,547$10,380,355
18$18,111,537$6,658,289$556,024$10,897,224
19$19,017,113$6,993,352$583,825$11,439,936
20$19,967,969$7,345,169$613,017$12,009,784
21$20,966,367$7,714,576$643,667$12,608,124
22$22,014,686$8,102,454$675,851$13,236,381
23$23,115,420$8,509,726$709,643$13,896,051
24$24,271,191$8,937,361$745,126$14,588,705
25$25,484,751$9,386,378$782,382$15,315,991
26$26,758,989$9,857,846$821,501$16,079,642
27$28,096,938$10,352,887$862,576$16,881,475
28$29,501,784$10,872,680$905,705$17,723,399
29$30,976,874$11,418,464$950,990$18,607,420
30$32,525,718$11,991,536$998,540$19,535,642
Total$525,000,001$192,960,609$16,117,500$315,921,895

◄ Back to Jackpot Analysis

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.