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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$32,788$681,878
2$1,110,744$369,163$34,100$707,481
3$1,155,174$385,602$35,464$734,108
4$1,201,381$402,699$36,882$761,800
5$1,249,436$420,479$38,358$790,599
6$1,299,413$438,971$39,892$820,551
7$1,351,390$458,202$41,488$851,700
8$1,405,445$478,203$43,147$884,096
9$1,461,663$499,003$44,873$917,787
10$1,520,130$520,636$46,668$952,826
11$1,580,935$543,134$48,535$989,267
12$1,644,172$566,531$50,476$1,027,165
13$1,709,939$590,865$52,495$1,066,579
14$1,778,337$616,172$54,595$1,107,569
15$1,849,470$642,492$56,779$1,150,200
16$1,923,449$669,864$59,050$1,194,535
17$2,000,387$698,331$61,412$1,240,644
18$2,080,402$727,937$63,868$1,288,597
19$2,163,619$758,727$66,423$1,338,469
20$2,250,163$790,748$69,080$1,390,335
21$2,340,170$824,051$71,843$1,444,276
22$2,433,777$858,685$74,717$1,500,375
23$2,531,128$894,705$77,706$1,558,717
24$2,632,373$932,166$80,814$1,619,393
25$2,737,668$971,125$84,046$1,682,496
26$2,847,174$1,011,642$87,408$1,748,124
27$2,961,061$1,053,780$90,905$1,816,376
28$3,079,504$1,097,604$94,541$1,887,359
29$3,202,684$1,143,181$98,322$1,961,181
30$3,330,791$1,190,581$102,255$2,037,955
Total$59,900,000$20,908,635$1,838,930$37,152,438

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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.