USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Apr 24, 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 $36,800,000 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, Apr 24, 2002
Jackpot:$36,800,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$656,148$198,732$20,144$437,272
2$682,394$208,443$20,949$453,001
3$709,689$218,542$21,787$469,360
4$738,077$229,046$22,659$486,372
5$767,600$239,969$23,565$504,065
6$798,304$251,330$24,508$522,466
7$830,236$263,145$25,488$541,603
8$863,446$275,432$26,508$561,506
9$897,983$288,211$27,568$582,204
10$933,903$301,501$28,671$603,731
11$971,259$315,323$29,818$626,118
12$1,010,109$329,698$31,010$649,401
13$1,050,514$344,647$32,251$673,616
14$1,092,534$360,195$33,541$698,798
15$1,136,235$376,364$34,882$724,989
16$1,181,685$393,181$36,278$752,226
17$1,228,952$410,670$37,729$780,554
18$1,278,110$428,858$39,238$810,014
19$1,329,235$447,774$40,808$840,653
20$1,382,404$467,447$42,440$872,518
21$1,437,700$487,906$44,137$905,657
22$1,495,208$509,184$45,903$940,121
23$1,555,017$531,313$47,739$975,964
24$1,617,217$554,328$49,649$1,013,241
25$1,681,906$578,262$51,635$1,052,009
26$1,749,182$603,155$53,700$1,092,328
27$1,819,150$629,043$55,848$1,134,259
28$1,891,916$655,966$58,082$1,177,868
29$1,967,592$683,966$60,405$1,223,221
30$2,046,296$713,087$62,821$1,270,388
Total$36,800,000$12,294,718$1,129,761$23,375,523

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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.