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Pennsylvania Powerball Jackpot Annuity Payout Schedule for May 1, 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 $46,600,000 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, May 1, 2010
Jackpot:$46,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$830,883$263,384$25,508$541,991
2$864,118$275,681$26,528$561,909
3$898,683$288,470$27,590$582,623
4$934,630$301,770$28,693$604,166
5$972,015$315,603$29,841$626,571
6$1,010,896$329,989$31,034$649,873
7$1,051,332$344,950$32,276$674,106
8$1,093,385$360,510$33,567$699,308
9$1,137,120$376,692$34,910$725,519
10$1,182,605$393,521$36,306$752,778
11$1,229,909$411,024$37,758$781,127
12$1,279,106$429,226$39,269$810,611
13$1,330,270$448,157$40,839$841,273
14$1,383,481$467,845$42,473$873,163
15$1,438,820$488,321$44,172$906,327
16$1,496,373$509,615$45,939$940,819
17$1,556,228$531,761$47,776$976,690
18$1,618,477$554,794$49,687$1,013,996
19$1,683,216$578,747$51,675$1,052,794
20$1,750,544$603,659$53,742$1,093,144
21$1,820,566$629,567$55,891$1,135,108
22$1,893,389$656,511$58,127$1,178,751
23$1,969,124$684,533$60,452$1,224,139
24$2,047,889$713,676$62,870$1,271,343
25$2,129,805$743,985$65,385$1,320,435
26$2,214,997$775,506$68,000$1,371,490
27$2,303,597$808,288$70,720$1,424,588
28$2,395,741$842,381$73,549$1,479,810
29$2,491,570$877,838$76,491$1,537,241
30$2,591,233$914,714$79,551$1,596,969
Total$46,600,000$15,920,718$1,430,619$29,248,662

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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.