USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Apr 30, 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 $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, Apr 30, 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$126,388$13,685$305,680
2$463,583$132,629$14,232$316,722
3$482,126$139,119$14,801$328,206
4$501,411$145,869$15,393$340,149
5$521,467$152,888$16,009$352,570
6$542,326$160,189$16,649$365,488
7$564,019$167,781$17,315$378,922
8$586,580$175,678$18,008$392,894
9$610,043$183,904$18,728$407,411
10$634,445$192,932$19,477$422,035
11$659,823$202,322$20,257$437,244
12$686,215$212,087$21,067$453,061
13$713,664$222,243$21,909$469,511
14$742,211$232,806$22,786$486,619
15$771,899$243,790$23,697$504,411
16$802,775$255,215$24,645$522,915
17$834,886$267,096$25,631$542,159
18$868,281$279,452$26,656$562,173
19$903,013$292,302$27,722$582,988
20$939,133$305,667$28,831$604,635
21$976,699$319,566$29,985$627,148
22$1,015,767$334,021$31,184$650,561
23$1,056,397$349,055$32,431$674,911
24$1,098,653$364,689$33,729$700,235
25$1,142,599$380,949$35,078$726,572
26$1,188,303$397,860$36,481$753,962
27$1,235,835$415,447$37,940$782,448
28$1,285,269$433,737$39,458$812,074
29$1,336,679$452,759$41,036$842,884
30$1,390,147$472,542$42,678$874,927
Total$25,000,000$8,010,982$767,498$16,221,515

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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.