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Pennsylvania Mega Millions Jackpot Annuity Payout Schedule for Apr 23, 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 $202,000,000 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, Apr 23, 2024
Jackpot:$202,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,040,390$1,083,132$93,340$1,863,918
2$3,192,409$1,139,379$98,007$1,955,023
3$3,352,030$1,198,439$102,907$2,050,684
4$3,519,631$1,260,451$108,053$2,151,127
5$3,695,613$1,325,564$113,455$2,256,593
6$3,880,394$1,393,933$119,128$2,367,332
7$4,074,413$1,465,721$125,084$2,483,608
8$4,278,134$1,541,097$131,339$2,605,698
9$4,492,041$1,620,243$137,906$2,733,892
10$4,716,643$1,703,346$144,801$2,868,496
11$4,952,475$1,790,603$152,041$3,009,830
12$5,200,099$1,882,224$159,643$3,158,231
13$5,460,103$1,978,426$167,625$3,314,052
14$5,733,109$2,079,438$176,006$3,477,664
15$6,019,764$2,185,500$184,807$3,649,457
16$6,320,752$2,296,866$194,047$3,829,839
17$6,636,790$2,413,800$203,749$4,019,240
18$6,968,629$2,536,581$213,937$4,218,112
19$7,317,061$2,665,500$224,634$4,426,927
20$7,682,914$2,800,866$235,865$4,646,183
21$8,067,059$2,943,000$247,659$4,876,401
22$8,470,412$3,092,240$260,042$5,118,130
23$8,893,933$3,248,943$273,044$5,371,946
24$9,338,630$3,413,481$286,696$5,638,453
25$9,805,561$3,586,245$301,031$5,918,285
26$10,295,839$3,767,648$316,082$6,212,109
27$10,810,631$3,958,121$331,886$6,520,624
28$11,351,163$4,158,118$348,481$6,844,564
29$11,918,721$4,368,114$365,905$7,184,702
30$12,514,657$4,588,611$384,200$7,541,846
Total$202,000,000$73,485,630$6,201,400$122,312,966

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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.