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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 4, 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 $70,100,000 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, Sep 4, 2002
Jackpot:$70,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,249,890$420,647$38,372$790,871
2$1,299,886$439,145$39,906$820,834
3$1,351,881$458,384$41,503$851,995
4$1,405,956$478,392$43,163$884,402
5$1,462,194$499,200$44,889$918,105
6$1,520,682$520,840$46,685$953,157
7$1,581,510$543,346$48,552$989,611
8$1,644,770$566,753$50,494$1,027,523
9$1,710,561$591,095$52,514$1,066,951
10$1,778,983$616,412$54,615$1,107,957
11$1,850,142$642,740$56,799$1,150,603
12$1,924,148$670,123$59,071$1,194,954
13$2,001,114$698,600$61,434$1,241,080
14$2,081,159$728,216$63,892$1,289,051
15$2,164,405$759,018$66,447$1,338,940
16$2,250,981$791,051$69,105$1,390,825
17$2,341,020$824,365$71,869$1,444,786
18$2,434,661$859,012$74,744$1,500,905
19$2,532,048$895,045$77,734$1,559,268
20$2,633,330$932,520$80,843$1,619,967
21$2,738,663$971,493$84,077$1,683,093
22$2,848,209$1,012,025$87,440$1,748,744
23$2,962,138$1,054,179$90,938$1,817,021
24$3,080,623$1,098,018$94,575$1,888,030
25$3,203,848$1,143,612$98,358$1,961,878
26$3,332,002$1,191,029$102,292$2,038,681
27$3,465,282$1,240,342$106,384$2,118,556
28$3,603,893$1,291,628$110,640$2,201,626
29$3,748,049$1,344,966$115,065$2,288,018
30$3,897,971$1,400,437$119,668$2,377,866
Total$70,100,000$24,682,633$2,152,068$43,265,298

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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.