USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 9, 2010

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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 $20,000,000 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, Oct 9, 2010
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$356,602$94,358$10,948$251,296
2$370,866$99,350$11,386$260,130
3$385,701$104,542$11,841$269,317
4$401,129$109,942$12,315$278,872
5$417,174$115,558$12,807$288,809
6$433,861$121,399$13,320$299,143
7$451,215$127,473$13,852$309,890
8$469,264$133,790$14,406$321,068
9$488,034$140,359$14,983$332,692
10$507,556$147,192$15,582$344,782
11$527,858$154,298$16,205$357,355
12$548,972$161,688$16,853$370,431
13$570,931$169,373$17,528$384,030
14$593,769$177,366$18,229$398,174
15$617,519$185,679$18,958$412,882
16$642,220$194,642$19,716$427,862
17$667,909$204,147$20,505$443,258
18$694,625$214,032$21,325$459,269
19$722,410$224,312$22,178$475,920
20$751,307$235,004$23,065$493,238
21$781,359$246,123$23,988$511,248
22$812,613$257,687$24,947$529,979
23$845,118$269,714$25,945$549,459
24$878,922$282,222$26,983$569,718
25$914,079$295,230$28,062$590,788
26$950,643$308,758$29,185$612,700
27$988,668$322,827$30,352$635,489
28$1,028,215$337,460$31,566$659,189
29$1,069,344$352,677$32,829$683,837
30$1,112,117$368,504$34,142$709,472
Total$20,000,000$6,155,706$614,001$13,230,297

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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.