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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Nov 10, 2007

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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 $84,100,000 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:Sat, Nov 10, 2007
Jackpot:$84,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,499,511$511,839$46,035$941,637
2$1,559,492$534,032$47,876$977,583
3$1,621,871$557,113$49,791$1,014,967
4$1,686,746$581,116$51,783$1,053,847
5$1,754,216$606,080$53,854$1,094,282
6$1,824,385$632,043$56,009$1,136,334
7$1,897,360$659,044$58,249$1,180,068
8$1,973,255$687,124$60,579$1,225,551
9$2,052,185$716,329$63,002$1,272,854
10$2,134,272$746,701$65,522$1,322,049
11$2,219,643$778,288$68,143$1,373,212
12$2,308,429$811,139$70,869$1,426,421
13$2,400,766$845,304$73,704$1,481,759
14$2,496,797$880,835$76,652$1,539,310
15$2,596,668$917,788$79,718$1,599,163
16$2,700,535$956,218$82,906$1,661,410
17$2,808,557$996,186$86,223$1,726,148
18$2,920,899$1,037,753$89,672$1,793,474
19$3,037,735$1,080,982$93,258$1,863,494
20$3,159,244$1,125,941$96,989$1,936,315
21$3,285,614$1,172,697$100,868$2,012,048
22$3,417,039$1,221,325$104,903$2,090,811
23$3,553,720$1,271,897$109,099$2,172,724
24$3,695,869$1,324,492$113,463$2,257,914
25$3,843,704$1,379,191$118,002$2,346,511
26$3,997,452$1,436,077$122,722$2,438,653
27$4,157,350$1,495,240$127,631$2,534,480
28$4,323,644$1,556,768$132,736$2,634,140
29$4,496,590$1,620,758$138,045$2,737,786
30$4,676,453$1,687,308$143,567$2,845,578
Total$84,100,000$29,827,608$2,581,870$51,690,523

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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.