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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 22, 2011

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The tax information provided here is based on 2025 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 $148,600,000 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, Oct 22, 2011
Jackpot:$148,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,649,553$937,355$81,341$1,630,857
2$2,755,535$976,568$84,595$1,694,372
3$2,865,756$1,017,350$87,979$1,760,427
4$2,980,386$1,059,763$91,498$1,829,125
5$3,099,602$1,103,873$95,158$1,900,571
6$3,223,586$1,149,747$98,964$1,974,875
7$3,352,529$1,197,456$102,923$2,052,151
8$3,486,631$1,247,074$107,040$2,132,517
9$3,626,096$1,298,676$111,321$2,216,099
10$3,771,140$1,352,342$115,774$2,303,024
11$3,921,985$1,408,155$120,405$2,393,426
12$4,078,865$1,466,200$125,221$2,487,443
13$4,242,019$1,526,567$130,230$2,585,222
14$4,411,700$1,589,349$135,439$2,686,912
15$4,588,168$1,654,642$140,857$2,792,669
16$4,771,695$1,722,547$146,491$2,902,656
17$4,962,563$1,793,168$152,351$3,017,044
18$5,161,065$1,866,614$158,445$3,136,006
19$5,367,508$1,942,998$164,782$3,259,727
20$5,582,208$2,022,437$171,374$3,388,397
21$5,805,496$2,105,054$178,229$3,522,214
22$6,037,716$2,190,975$185,358$3,661,383
23$6,279,225$2,280,333$192,772$3,806,119
24$6,530,394$2,373,266$200,483$3,956,645
25$6,791,610$2,469,916$208,502$4,113,191
26$7,063,274$2,570,432$216,843$4,276,000
27$7,345,805$2,674,968$225,516$4,445,321
28$7,639,637$2,783,686$234,537$4,621,414
29$7,945,223$2,896,753$243,918$4,804,552
30$8,263,031$3,014,342$253,675$4,995,015
Total$148,600,000$53,692,606$4,562,021$90,345,374

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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.