USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jun 8, 2002

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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 $30,600,000 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, Jun 8, 2002
Jackpot:$30,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$545,601$161,335$16,750$367,516
2$567,425$168,974$17,420$381,032
3$590,122$176,917$18,117$395,088
4$613,727$185,267$18,841$409,619
5$638,276$194,350$19,595$424,331
6$663,807$203,796$20,379$439,632
7$690,359$213,621$21,194$455,545
8$717,974$223,838$22,042$472,094
9$746,693$234,464$22,923$489,305
10$776,560$245,515$23,840$507,205
11$807,623$257,008$24,794$525,821
12$839,928$268,961$25,786$545,181
13$873,525$281,392$26,817$565,316
14$908,466$294,320$27,890$586,256
15$944,804$307,765$29,005$608,034
16$982,597$321,749$30,166$630,682
17$1,021,901$336,291$31,372$654,237
18$1,062,777$351,415$32,627$678,734
19$1,105,288$367,144$33,932$704,211
20$1,149,499$383,502$35,290$730,707
21$1,195,479$400,515$36,701$758,263
22$1,243,298$418,208$38,169$786,921
23$1,293,030$436,609$39,696$816,725
24$1,344,751$455,746$41,284$847,722
25$1,398,541$475,648$42,935$879,958
26$1,454,483$496,346$44,653$913,484
27$1,512,662$517,873$46,439$948,351
28$1,573,169$540,260$48,296$984,612
29$1,636,096$563,543$50,228$1,022,324
30$1,701,539$587,757$52,237$1,061,545
Total$30,600,000$10,070,129$939,418$19,590,451

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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.