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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Feb 20, 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 $61,600,000 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, Feb 20, 2010
Jackpot:$61,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,098,334$362,341$33,719$702,274
2$1,142,267$378,596$35,068$728,604
3$1,187,958$395,502$36,470$755,986
4$1,235,476$413,084$37,929$784,464
5$1,284,896$431,369$39,446$814,081
6$1,336,291$450,385$41,024$844,882
7$1,389,743$470,162$42,665$876,916
8$1,445,333$490,730$44,372$910,231
9$1,503,146$512,121$46,147$944,878
10$1,563,272$534,368$47,992$980,912
11$1,625,803$557,504$49,912$1,018,386
12$1,690,835$581,566$51,909$1,057,360
13$1,758,468$606,591$53,985$1,097,893
14$1,828,807$632,616$56,144$1,140,047
15$1,901,959$659,682$58,390$1,183,887
16$1,978,038$687,831$60,726$1,229,481
17$2,057,159$717,106$63,155$1,276,898
18$2,139,446$747,552$65,681$1,326,212
19$2,225,023$779,216$68,308$1,377,499
20$2,314,024$812,146$71,041$1,430,838
21$2,406,585$846,394$73,882$1,486,309
22$2,502,849$882,011$76,837$1,544,000
23$2,602,963$919,053$79,911$1,603,998
24$2,707,081$957,577$83,107$1,666,396
25$2,815,364$997,642$86,432$1,731,291
26$2,927,979$1,039,309$89,889$1,798,781
27$3,045,098$1,082,644$93,485$1,868,970
28$3,166,902$1,127,711$97,224$1,941,967
29$3,293,578$1,174,581$101,113$2,017,884
30$3,425,321$1,223,326$105,157$2,096,838
Total$61,600,000$21,470,716$1,891,120$38,238,163

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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.