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Pennsylvania Powerball Jackpot Annuity Payout Schedule for May 27, 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 $232,100,000 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, May 27, 2009
Jackpot:$232,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,138,366$1,487,153$127,048$2,524,165
2$4,303,901$1,548,400$132,130$2,623,370
3$4,476,057$1,612,098$137,415$2,726,544
4$4,655,099$1,678,344$142,912$2,833,844
5$4,841,303$1,747,239$148,628$2,945,436
6$5,034,955$1,818,891$154,573$3,061,491
7$5,236,353$1,893,408$160,756$3,182,189
8$5,445,807$1,970,906$167,186$3,307,715
9$5,663,640$2,051,504$173,874$3,438,262
10$5,890,185$2,135,326$180,829$3,574,031
11$6,125,793$2,222,501$188,062$3,715,230
12$6,370,824$2,313,162$195,584$3,862,078
13$6,625,657$2,407,450$203,408$4,014,799
14$6,890,684$2,505,510$211,544$4,173,629
15$7,166,311$2,607,492$220,006$4,338,813
16$7,452,963$2,713,554$228,806$4,510,604
17$7,751,082$2,823,858$237,958$4,689,266
18$8,061,125$2,938,574$247,477$4,875,075
19$8,383,570$3,057,878$257,376$5,068,316
20$8,718,913$3,181,955$267,671$5,269,287
21$9,067,670$3,310,995$278,377$5,478,297
22$9,430,376$3,445,196$289,513$5,695,667
23$9,807,591$3,584,766$301,093$5,921,732
24$10,199,895$3,729,918$313,137$6,156,840
25$10,607,891$3,880,877$325,662$6,401,352
26$11,032,206$4,037,874$338,689$6,655,644
27$11,473,495$4,201,150$352,236$6,920,108
28$11,932,435$4,370,958$366,326$7,195,151
29$12,409,732$4,547,558$380,979$7,481,195
30$12,906,121$4,731,222$396,218$7,778,681
Total$232,100,000$84,555,717$7,125,473$140,418,811

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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.