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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Feb 14, 2001

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The tax information provided here is based on 2026 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 $68,900,000 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, Feb 14, 2001
Jackpot:$68,900,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,228,494$410,500$37,715$780,279
2$1,277,634$428,682$39,223$809,729
3$1,328,739$447,591$40,792$840,356
4$1,381,888$467,256$42,424$872,209
5$1,437,164$487,708$44,121$905,335
6$1,494,651$508,978$45,886$939,787
7$1,554,437$531,099$47,721$975,617
8$1,616,614$554,104$49,630$1,012,880
9$1,681,279$578,030$51,615$1,051,633
10$1,748,530$602,913$53,680$1,091,937
11$1,818,471$628,792$55,827$1,133,852
12$1,891,210$655,705$58,060$1,177,445
13$1,966,858$683,695$60,383$1,222,781
14$2,045,533$712,804$62,798$1,269,930
15$2,127,354$743,078$65,310$1,318,966
16$2,212,448$774,563$67,922$1,369,963
17$2,300,946$807,307$70,639$1,423,000
18$2,392,984$841,361$73,465$1,478,158
19$2,488,703$876,777$76,403$1,535,523
20$2,588,251$913,610$79,459$1,595,182
21$2,691,781$951,916$82,638$1,657,227
22$2,799,453$991,755$85,943$1,721,755
23$2,911,431$1,033,187$89,381$1,788,863
24$3,027,888$1,076,276$92,956$1,858,656
25$3,149,003$1,121,088$96,674$1,931,240
26$3,274,963$1,167,694$100,541$2,006,728
27$3,405,962$1,216,163$104,563$2,085,236
28$3,542,201$1,266,571$108,746$2,166,884
29$3,683,889$1,318,996$113,095$2,251,797
30$3,831,244$1,373,518$117,619$2,340,107
Total$68,900,000$24,171,717$2,115,229$42,613,055

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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.