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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

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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 $87,200,000 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, Oct 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$47,732$973,595
2$1,616,976$556,469$49,641$1,010,866
3$1,681,655$580,400$51,627$1,049,628
4$1,748,921$605,289$53,692$1,089,941
5$1,818,878$631,173$55,840$1,131,866
6$1,891,633$658,092$58,073$1,175,468
7$1,967,299$686,088$60,396$1,220,814
8$2,045,991$715,204$62,812$1,267,974
9$2,127,830$745,485$65,324$1,317,021
10$2,212,943$776,977$67,937$1,368,029
11$2,301,461$809,728$70,655$1,421,078
12$2,393,520$843,790$73,481$1,476,249
13$2,489,260$879,214$76,420$1,533,626
14$2,588,831$916,055$79,477$1,593,299
15$2,692,384$954,370$82,656$1,655,358
16$2,800,079$994,217$85,962$1,719,900
17$2,912,082$1,035,658$89,401$1,787,023
18$3,028,566$1,078,757$92,977$1,856,832
19$3,149,708$1,123,580$96,696$1,929,433
20$3,275,697$1,170,196$100,564$2,004,937
21$3,406,725$1,218,676$104,586$2,083,462
22$3,542,994$1,269,095$108,770$2,165,128
23$3,684,713$1,321,532$113,121$2,250,061
24$3,832,102$1,376,065$117,646$2,338,391
25$3,985,386$1,432,781$122,351$2,430,254
26$4,144,801$1,491,764$127,245$2,525,792
27$4,310,593$1,553,107$132,335$2,625,151
28$4,483,017$1,616,904$137,629$2,728,484
29$4,662,338$1,683,253$143,134$2,835,951
30$4,848,831$1,752,255$148,859$2,947,717
Total$87,200,000$31,009,632$2,677,039$53,513,328

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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.