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Pennsylvania Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$388,321$35,689$738,512
2$1,209,023$405,526$37,117$766,380
3$1,257,384$423,420$38,602$795,363
4$1,307,680$442,029$40,146$825,505
5$1,359,987$461,383$41,752$856,852
6$1,414,386$481,511$43,422$889,454
7$1,470,962$502,444$45,159$923,360
8$1,529,800$524,214$46,965$958,622
9$1,590,992$546,855$48,843$995,294
10$1,654,632$570,402$50,797$1,033,433
11$1,720,817$594,890$52,829$1,073,098
12$1,789,650$620,358$54,942$1,114,349
13$1,861,236$646,845$57,140$1,157,251
14$1,935,685$674,391$59,426$1,201,868
15$2,013,113$703,039$61,803$1,248,271
16$2,093,637$732,834$64,275$1,296,529
17$2,177,383$763,819$66,846$1,346,718
18$2,264,478$796,045$69,519$1,398,914
19$2,355,057$829,559$72,300$1,453,198
20$2,449,259$864,414$75,192$1,509,653
21$2,547,230$900,663$78,200$1,568,367
22$2,649,119$938,362$81,328$1,629,429
23$2,755,084$977,569$84,581$1,692,934
24$2,865,287$1,018,344$87,964$1,758,979
25$2,979,899$1,060,750$91,483$1,827,666
26$3,099,095$1,104,853$95,142$1,899,100
27$3,223,058$1,150,719$98,948$1,973,391
28$3,351,981$1,198,421$102,906$2,050,654
29$3,486,060$1,248,030$107,022$2,131,008
30$3,625,502$1,299,624$111,303$2,214,576
Total$65,200,000$22,869,634$2,001,641$40,328,728

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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.