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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 17, 2009

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The tax information provided here is based on 2026 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 $163,200,000 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, Jan 17, 2009
Jackpot:$163,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,909,872$1,032,610$89,333$1,787,929
2$3,026,267$1,075,676$92,906$1,857,685
3$3,147,318$1,120,465$96,623$1,930,230
4$3,273,210$1,167,045$100,488$2,005,678
5$3,404,139$1,215,489$104,507$2,084,143
6$3,540,304$1,265,870$108,687$2,165,747
7$3,681,917$1,318,266$113,035$2,250,615
8$3,829,193$1,372,759$117,556$2,338,878
9$3,982,361$1,429,431$122,258$2,430,672
10$4,141,655$1,488,370$127,149$2,526,137
11$4,307,322$1,549,666$132,235$2,625,421
12$4,479,615$1,613,415$137,524$2,728,676
13$4,658,799$1,679,713$143,025$2,836,061
14$4,845,151$1,748,663$148,746$2,947,742
15$5,038,957$1,820,371$154,696$3,063,890
16$5,240,515$1,894,948$160,884$3,184,684
17$5,450,136$1,972,508$167,319$3,310,309
18$5,668,141$2,053,170$174,012$3,440,960
19$5,894,867$2,137,058$180,972$3,576,837
20$6,130,662$2,224,302$188,211$3,718,148
21$6,375,888$2,315,036$195,740$3,865,113
22$6,630,924$2,409,399$203,569$4,017,955
23$6,896,161$2,507,537$211,712$4,176,912
24$7,172,007$2,609,600$220,181$4,342,227
25$7,458,887$2,715,746$228,988$4,514,154
26$7,757,243$2,826,137$238,147$4,692,958
27$8,067,533$2,940,944$247,673$4,878,915
28$8,390,234$3,060,344$257,580$5,072,310
29$8,725,843$3,184,519$267,883$5,273,441
30$9,074,877$3,313,662$278,599$5,482,617
Total$163,200,000$59,062,719$5,010,238$99,127,044

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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.