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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Apr 20, 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 $57,300,000 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 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$336,204$31,365$654,096
2$1,062,531$351,324$32,620$678,587
3$1,105,033$367,050$33,924$704,058
4$1,149,234$383,404$35,281$730,548
5$1,195,203$400,413$36,693$758,098
6$1,243,011$418,102$38,160$786,749
7$1,292,732$436,498$39,687$816,546
8$1,344,441$455,631$41,274$847,536
9$1,398,219$475,529$42,925$879,765
10$1,454,147$496,222$44,642$913,283
11$1,512,313$517,744$46,428$948,142
12$1,572,806$540,126$48,285$984,395
13$1,635,718$563,403$50,217$1,022,098
14$1,701,147$587,612$52,225$1,061,310
15$1,769,193$612,789$54,314$1,102,089
16$1,839,960$638,973$56,487$1,144,501
17$1,913,559$666,205$58,746$1,188,608
18$1,990,101$694,525$61,096$1,234,480
19$2,069,705$723,979$63,540$1,282,187
20$2,152,493$754,610$66,082$1,331,802
21$2,238,593$786,467$68,725$1,383,401
22$2,328,137$819,598$71,474$1,437,065
23$2,421,262$854,055$74,333$1,492,875
24$2,518,113$889,889$77,306$1,550,917
25$2,618,837$927,158$80,398$1,611,281
26$2,723,591$965,916$83,614$1,674,060
27$2,832,534$1,006,225$86,959$1,739,350
28$2,945,836$1,048,147$90,437$1,807,252
29$3,063,669$1,091,745$94,055$1,877,869
30$3,186,216$1,137,088$97,817$1,951,312
Total$57,300,000$19,946,631$1,759,109$35,594,260

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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.