USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for May 7, 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 $51,100,000 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, May 7, 2011
Jackpot:$51,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$911,118$295,301$27,971$587,845
2$947,563$308,786$29,090$609,687
3$985,465$322,810$30,254$632,402
4$1,024,884$337,395$31,464$656,025
5$1,065,879$352,563$32,722$680,594
6$1,108,514$368,338$34,031$706,145
7$1,152,855$384,744$35,393$732,718
8$1,198,969$401,806$36,808$760,355
9$1,246,928$419,551$38,281$789,096
10$1,296,805$438,006$39,812$818,988
11$1,348,677$457,198$41,404$850,075
12$1,402,624$477,159$43,061$882,405
13$1,458,729$497,918$44,783$916,029
14$1,517,079$519,507$46,574$950,997
15$1,577,762$541,960$48,437$987,365
16$1,640,872$565,310$50,375$1,025,187
17$1,706,507$589,595$52,390$1,064,522
18$1,774,767$614,852$54,485$1,105,430
19$1,845,758$641,118$56,665$1,147,975
20$1,919,588$668,435$58,931$1,192,222
21$1,996,372$696,845$61,289$1,238,238
22$2,076,227$726,392$63,740$1,286,095
23$2,159,276$757,120$66,290$1,335,866
24$2,245,647$789,077$68,941$1,387,628
25$2,335,473$822,313$71,699$1,441,461
26$2,428,892$856,878$74,567$1,497,447
27$2,526,047$892,825$77,550$1,555,672
28$2,627,089$930,211$80,652$1,616,227
29$2,732,173$969,092$83,878$1,679,203
30$2,841,460$1,009,528$87,233$1,744,699
Total$51,100,000$17,652,633$1,568,770$31,878,598

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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.