USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Apr 13, 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 $28,000,000 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:Wed, Apr 13, 2011
Jackpot:$28,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$499,243$143,504$15,327$340,412
2$519,212$150,494$15,940$352,779
3$539,981$157,763$16,577$365,641
4$561,580$165,322$17,241$379,017
5$584,043$173,184$17,930$392,929
6$607,405$181,361$18,647$407,397
7$631,701$189,865$19,393$422,443
8$656,969$199,036$20,169$437,765
9$683,248$208,759$20,976$453,513
10$710,578$218,871$21,815$469,892
11$739,001$229,388$22,687$486,926
12$768,561$240,325$23,595$504,642
13$799,304$251,700$24,539$523,065
14$831,276$263,529$25,520$542,226
15$864,527$275,832$26,541$562,154
16$899,108$288,627$27,603$582,878
17$935,072$301,934$28,707$604,432
18$972,475$315,773$29,855$626,847
19$1,011,374$330,166$31,049$650,159
20$1,051,829$345,134$32,291$674,404
21$1,093,902$360,701$33,583$699,618
22$1,137,658$376,891$34,926$725,841
23$1,183,165$393,728$36,323$753,113
24$1,230,491$411,239$37,776$781,476
25$1,279,711$429,450$39,287$810,974
26$1,330,900$448,390$40,859$841,651
27$1,384,136$468,087$42,493$873,555
28$1,439,501$488,573$44,193$906,736
29$1,497,081$509,877$45,960$941,243
30$1,556,964$532,034$47,799$977,131
Total$28,000,000$9,049,537$859,601$18,090,859

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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.