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

Powerball Annuity Jackpot Analysis for Pennsylvania (Jul. 29, 2020 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 $126,000,000 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:  Jul. 29, 2020
Jackpot:$126,000,000
Federal Tax:  24%
State Tax:3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,896,481$455,155$58,222$1,383,103
2$1,991,305$477,913$61,133$1,452,259
3$2,090,870$501,809$64,190$1,524,872
4$2,195,414$526,899$67,399$1,601,115
5$2,305,184$553,244$70,769$1,681,171
6$2,420,443$580,906$74,308$1,765,229
7$2,541,466$609,952$78,023$1,853,491
8$2,668,539$640,449$81,924$1,946,165
9$2,801,966$672,472$86,020$2,043,474
10$2,942,064$706,095$90,321$2,145,647
11$3,089,167$741,400$94,837$2,252,930
12$3,243,626$778,470$99,579$2,365,576
13$3,405,807$817,394$104,558$2,483,855
14$3,576,097$858,263$109,786$2,608,048
15$3,754,902$901,177$115,276$2,738,450
16$3,942,647$946,235$121,039$2,875,373
17$4,139,780$993,547$127,091$3,019,141
18$4,346,769$1,043,225$133,446$3,170,098
19$4,564,107$1,095,386$140,118$3,328,603
20$4,792,313$1,150,155$147,124$3,495,034
21$5,031,928$1,207,663$154,480$3,669,785
22$5,283,525$1,268,046$162,204$3,853,274
23$5,547,701$1,331,448$170,314$4,045,938
24$5,825,086$1,398,021$178,830$4,248,235
25$6,116,340$1,467,922$187,772$4,460,647
26$6,422,157$1,541,318$197,160$4,683,679
27$6,743,265$1,618,384$207,018$4,917,863
28$7,080,428$1,699,303$217,369$5,163,756
29$7,434,450$1,784,268$228,238$5,421,944
30$7,806,172$1,873,481$239,649$5,693,041
Total$126,000,000$30,240,000$3,868,200$91,891,800
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.