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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Mar 11, 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 $32,500,000 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, Mar 11, 2009
Jackpot:$32,500,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$579,478$171,587$17,790$390,102
2$602,657$179,699$18,502$404,456
3$626,764$188,137$19,242$419,385
4$651,834$197,136$20,011$434,687
5$677,908$206,783$20,812$450,313
6$705,024$216,816$21,644$466,564
7$733,225$227,250$22,510$483,464
8$762,554$238,102$23,410$501,041
9$793,056$249,388$24,347$519,321
10$824,778$261,125$25,321$538,332
11$857,769$273,332$26,334$558,104
12$892,080$286,027$27,387$578,666
13$927,763$299,230$28,482$600,051
14$964,874$312,961$29,622$622,292
15$1,003,469$327,241$30,806$645,422
16$1,043,608$342,092$32,039$669,477
17$1,085,352$357,537$33,320$694,494
18$1,128,766$373,601$34,653$720,512
19$1,173,917$390,306$36,039$747,571
20$1,220,873$407,680$37,481$775,712
21$1,269,708$425,749$38,980$804,979
22$1,320,496$444,541$40,539$835,416
23$1,373,316$464,084$42,161$867,071
24$1,428,249$484,409$43,847$899,992
25$1,485,379$505,547$45,601$934,230
26$1,544,794$527,531$47,425$969,838
27$1,606,586$550,394$49,322$1,006,870
28$1,670,849$574,171$51,295$1,045,383
29$1,737,683$598,900$53,347$1,085,436
30$1,807,191$624,618$55,481$1,127,092
Total$32,500,000$10,705,974$997,750$20,796,273

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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.