USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Apr 13, 2002

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The tax information provided here is based on 2025 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 $21,500,000 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:Sat, Apr 13, 2002
Jackpot:$21,500,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$383,347$103,719$11,769$267,860
2$398,681$109,086$12,240$277,356
3$414,628$114,667$12,729$287,232
4$431,213$120,472$13,238$297,503
5$448,462$126,509$13,768$308,185
6$466,400$132,787$14,318$319,295
7$485,056$139,317$14,891$330,848
8$504,459$146,108$15,487$342,864
9$524,637$153,170$16,106$355,360
10$545,623$160,515$16,751$368,357
11$567,447$168,154$17,421$381,873
12$590,145$176,098$18,117$395,930
13$613,751$184,360$18,842$410,549
14$638,301$193,192$19,596$425,514
15$663,833$202,639$20,380$440,815
16$690,387$212,463$21,195$456,728
17$718,002$222,681$22,043$473,278
18$746,722$233,307$22,924$490,490
19$776,591$244,359$23,841$508,391
20$807,655$255,852$24,795$527,007
21$839,961$267,806$25,787$546,368
22$873,559$280,237$26,818$566,504
23$908,502$293,166$27,891$587,445
24$944,842$306,612$29,007$609,223
25$982,635$320,595$30,167$631,873
26$1,021,941$335,138$31,374$655,429
27$1,062,818$350,263$32,629$679,927
28$1,105,331$365,993$33,934$705,405
29$1,149,544$382,352$35,291$731,902
30$1,195,526$399,365$36,703$759,459
Total$21,500,000$6,700,982$660,052$14,138,970

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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.