USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Dec 31, 2011

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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 $25,000,000 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, Dec 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$124,783$13,685$307,285
2$463,583$131,023$14,232$318,327
3$482,126$137,513$14,801$329,811
4$501,411$144,263$15,393$341,755
5$521,467$151,283$16,009$354,175
6$542,326$158,583$16,649$367,093
7$564,019$166,176$17,315$380,528
8$586,580$174,072$18,008$394,500
9$610,043$182,284$18,728$409,030
10$634,445$190,825$19,477$424,142
11$659,823$200,092$20,257$439,474
12$686,215$209,857$21,067$455,292
13$713,664$220,013$21,909$471,742
14$742,211$230,575$22,786$488,850
15$771,899$241,560$23,697$506,642
16$802,775$252,984$24,645$525,146
17$834,886$264,865$25,631$544,390
18$868,281$277,221$26,656$564,404
19$903,013$290,072$27,722$585,218
20$939,133$303,437$28,831$606,865
21$976,699$317,336$29,985$629,378
22$1,015,767$331,791$31,184$652,792
23$1,056,397$346,824$32,431$677,142
24$1,098,653$362,459$33,729$702,466
25$1,142,599$378,719$35,078$728,802
26$1,188,303$395,629$36,481$756,193
27$1,235,835$413,216$37,940$784,679
28$1,285,269$431,507$39,458$814,304
29$1,336,679$450,529$41,036$845,115
30$1,390,147$470,311$42,678$877,158
Total$25,000,000$7,949,802$767,498$16,282,698

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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.