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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jul 17, 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 Powerball 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 $75,000,000 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:Wed, Jul 17, 2024
Jackpot:$75,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,128,858$375,865$34,656$718,337
2$1,185,301$396,749$36,389$752,163
3$1,244,566$418,677$38,208$787,680
4$1,306,794$441,701$40,119$824,974
5$1,372,133$465,877$42,124$864,132
6$1,440,740$491,262$44,231$905,248
7$1,512,777$517,915$46,442$948,420
8$1,588,416$545,902$48,764$993,750
9$1,667,837$575,287$51,203$1,041,347
10$1,751,229$606,142$53,763$1,091,324
11$1,838,790$638,540$56,451$1,143,799
12$1,930,730$672,558$59,273$1,198,899
13$2,027,266$708,276$62,237$1,256,753
14$2,128,629$745,781$65,349$1,317,500
15$2,235,061$785,160$68,616$1,381,284
16$2,346,814$826,509$72,047$1,448,258
17$2,464,155$869,925$75,650$1,518,580
18$2,587,362$915,512$79,432$1,592,419
19$2,716,730$963,378$83,404$1,669,949
20$2,852,567$1,013,638$87,574$1,751,356
21$2,995,195$1,066,410$91,952$1,836,833
22$3,144,955$1,121,821$96,550$1,926,584
23$3,302,203$1,180,003$101,378$2,020,822
24$3,467,313$1,241,094$106,447$2,119,773
25$3,640,679$1,305,239$111,769$2,223,671
26$3,822,713$1,372,591$117,357$2,332,764
27$4,013,848$1,443,312$123,225$2,447,312
28$4,214,541$1,517,568$129,386$2,567,586
29$4,425,268$1,595,537$135,856$2,693,875
30$4,646,531$1,677,404$142,649$2,826,478
Total$75,000,000$26,495,633$2,302,501$46,201,870

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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.