USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Pennsylvania (Jan. 5, 2019 Drawing)

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

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $69,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Pennsylvania

Drawing Date:  Jan. 5, 2019
Jackpot:$69,000,000
Federal Tax:  24%
State Tax:3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,038,549$249,252$31,883$757,414
2$1,090,476$261,714$33,478$795,284
3$1,145,000$274,800$35,152$835,049
4$1,202,250$288,540$36,909$876,801
5$1,262,363$302,967$38,755$920,641
6$1,325,481$318,115$40,692$966,673
7$1,391,755$334,021$42,727$1,015,007
8$1,461,343$350,722$44,863$1,065,757
9$1,534,410$368,258$47,106$1,119,045
10$1,611,130$386,671$49,462$1,174,997
11$1,691,687$406,005$51,935$1,233,747
12$1,776,271$426,305$54,532$1,295,435
13$1,865,085$447,620$57,258$1,360,206
14$1,958,339$470,001$60,121$1,428,217
15$2,056,256$493,501$63,127$1,499,628
16$2,159,069$518,177$66,283$1,574,609
17$2,267,022$544,085$69,598$1,653,339
18$2,380,373$571,290$73,077$1,736,006
19$2,499,392$599,854$76,731$1,822,807
20$2,624,362$629,847$80,568$1,913,947
21$2,755,580$661,339$84,596$2,009,644
22$2,893,359$694,406$88,826$2,110,127
23$3,038,027$729,126$93,267$2,215,633
24$3,189,928$765,583$97,931$2,326,414
25$3,349,424$803,862$102,827$2,442,735
26$3,516,896$844,055$107,969$2,564,872
27$3,692,740$886,258$113,367$2,693,116
28$3,877,377$930,571$119,035$2,827,771
29$4,071,246$977,099$124,987$2,969,160
30$4,274,809$1,025,954$131,237$3,117,618
Total$69,000,000$16,560,000$2,118,300$50,321,700
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.