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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Dec 22, 2010

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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 $36,200,000 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:Wed, Dec 22, 2010
Jackpot:$36,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$645,450$194,774$19,815$430,861
2$671,268$204,326$20,608$446,333
3$698,118$214,261$21,432$462,425
4$726,043$224,593$22,290$479,160
5$755,085$235,339$23,181$496,565
6$785,288$246,514$24,108$514,666
7$816,700$258,136$25,073$533,491
8$849,368$270,223$26,076$553,069
9$883,342$282,794$27,119$573,430
10$918,676$295,867$28,203$594,605
11$955,423$309,464$29,331$616,628
12$993,640$323,604$30,505$639,531
13$1,033,386$338,310$31,725$663,351
14$1,074,721$353,604$32,994$688,123
15$1,117,710$369,510$34,314$713,886
16$1,162,418$386,052$35,686$740,680
17$1,208,915$403,256$37,114$768,545
18$1,257,272$421,148$38,598$797,526
19$1,307,562$439,755$40,142$827,665
20$1,359,865$459,107$41,748$859,010
21$1,414,260$479,233$43,418$891,608
22$1,470,830$500,164$45,154$925,511
23$1,529,663$521,933$46,961$960,770
24$1,590,850$544,572$48,839$997,439
25$1,654,484$568,116$50,793$1,035,575
26$1,720,663$592,603$52,824$1,075,236
27$1,789,489$618,068$54,937$1,116,484
28$1,861,069$644,553$57,135$1,159,381
29$1,935,512$672,097$59,420$1,203,995
30$2,012,932$700,742$61,797$1,250,393
Total$36,200,000$12,072,718$1,111,340$23,015,942

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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.