USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Mar 27, 2002

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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 $48,100,000 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, Mar 27, 2002
Jackpot:$48,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$857,628$273,280$26,329$558,019
2$891,933$285,972$27,382$578,578
3$927,610$299,173$28,478$599,960
4$964,715$312,902$29,617$622,196
5$1,003,303$327,179$30,801$645,322
6$1,043,435$342,028$32,033$669,374
7$1,085,173$357,471$33,315$694,387
8$1,128,580$373,532$34,647$720,401
9$1,173,723$390,235$36,033$747,455
10$1,220,672$407,606$37,475$775,591
11$1,269,499$425,672$38,974$804,853
12$1,320,279$444,460$40,533$835,286
13$1,373,090$464,000$42,154$866,935
14$1,428,013$484,322$43,840$899,851
15$1,485,134$505,457$45,594$934,083
16$1,544,539$527,437$47,417$969,685
17$1,606,321$550,296$49,314$1,006,711
18$1,670,574$574,069$51,287$1,045,217
19$1,737,396$598,794$53,338$1,085,264
20$1,806,892$624,507$55,472$1,126,913
21$1,879,168$651,249$57,690$1,170,228
22$1,954,335$679,061$59,998$1,215,276
23$2,032,508$707,985$62,398$1,262,125
24$2,113,808$738,066$64,894$1,310,848
25$2,198,361$769,351$67,490$1,361,520
26$2,286,295$801,886$70,189$1,414,220
27$2,377,747$835,724$72,997$1,469,027
28$2,472,857$870,914$75,917$1,526,026
29$2,571,771$907,513$78,953$1,585,305
30$2,674,642$945,575$82,112$1,646,956
Total$48,100,000$16,475,716$1,476,671$30,147,612

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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.