USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jul 31, 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 $14,000,000 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, Jul 31, 2002
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$249,621$57,742$7,663$184,216
2$259,606$61,237$7,970$190,399
3$269,990$64,871$8,289$196,830
4$280,790$68,651$8,620$203,519
5$292,022$72,582$8,965$210,474
6$303,703$76,671$9,324$217,708
7$315,851$80,922$9,697$225,232
8$328,485$85,344$10,084$233,056
9$341,624$89,943$10,488$241,193
10$355,289$94,726$10,907$249,656
11$369,501$99,700$11,344$258,457
12$384,281$104,873$11,797$267,610
13$399,652$110,253$12,269$277,130
14$415,638$115,848$12,760$287,030
15$432,263$121,667$13,270$297,326
16$449,554$127,719$13,801$308,034
17$467,536$134,012$14,353$319,170
18$486,238$140,558$14,927$330,752
19$505,687$147,365$15,525$342,797
20$525,915$154,445$16,146$355,324
21$546,951$161,808$16,791$368,352
22$568,829$169,465$17,463$381,901
23$591,582$177,429$18,162$395,992
24$615,246$185,829$18,888$410,529
25$639,856$194,934$19,644$425,278
26$665,450$204,404$20,429$440,616
27$692,068$214,253$21,246$456,568
28$719,750$224,495$22,096$473,159
29$748,540$235,148$22,980$490,413
30$778,482$246,226$23,899$508,357
Total$14,000,000$4,023,120$429,797$9,547,078

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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.