USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$11,112$254,609
2$376,429$101,297$11,556$263,575
3$391,486$106,567$12,019$272,900
4$407,146$112,048$12,499$282,598
5$423,431$117,748$12,999$292,684
6$440,369$123,676$13,519$303,173
7$457,983$129,841$14,060$314,082
8$476,303$136,253$14,622$325,427
9$495,355$142,921$15,207$337,226
10$515,169$149,856$15,816$349,497
11$535,776$157,069$16,448$362,259
12$557,207$164,570$17,106$375,531
13$579,495$172,371$17,791$389,334
14$602,675$180,484$18,502$403,689
15$626,782$188,930$19,242$418,610
16$651,853$198,206$20,012$433,635
17$677,927$207,853$20,812$449,262
18$705,045$217,887$21,645$465,513
19$733,246$228,321$22,511$482,414
20$762,576$239,173$23,411$499,992
21$793,079$250,460$24,348$518,272
22$824,802$262,197$25,321$537,284
23$857,795$274,404$26,334$557,056
24$892,106$287,100$27,388$577,619
25$927,791$300,303$28,483$599,005
26$964,902$314,034$29,622$621,246
27$1,003,498$328,315$30,807$644,376
28$1,043,638$343,166$32,040$668,432
29$1,085,384$358,612$33,321$693,450
30$1,128,799$374,676$34,654$719,469
Total$20,300,000$6,264,568$623,207$13,412,219

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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.