USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 9, 2010

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The tax information provided here is based on 2024 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$95,185$10,948$250,469
2$370,866$100,178$11,386$259,303
3$385,701$105,370$11,841$268,490
4$401,129$110,770$12,315$278,044
5$417,174$116,386$12,807$287,981
6$433,861$122,226$13,320$298,315
7$451,215$128,300$13,852$309,063
8$469,264$134,617$14,406$320,240
9$488,034$141,187$14,983$331,865
10$507,556$148,019$15,582$343,955
11$527,858$155,125$16,205$356,528
12$548,972$162,515$16,853$369,604
13$570,931$170,201$17,528$383,203
14$593,769$178,194$18,229$397,346
15$617,519$186,670$18,958$411,892
16$642,220$195,809$19,716$426,695
17$667,909$205,314$20,505$442,090
18$694,625$215,199$21,325$458,101
19$722,410$225,480$22,178$474,753
20$751,307$236,171$23,065$492,070
21$781,359$247,291$23,988$510,081
22$812,613$258,855$24,947$528,811
23$845,118$270,881$25,945$548,291
24$878,922$283,389$26,983$568,550
25$914,079$296,397$28,062$589,620
26$950,643$309,925$29,185$611,532
27$988,668$323,995$30,352$634,321
28$1,028,215$338,627$31,566$658,021
29$1,069,344$353,845$32,829$682,670
30$1,112,117$369,671$34,142$708,304
Total$20,000,000$6,185,792$614,001$13,200,208

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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.