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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Aug 31, 2011

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The tax information provided here is based on 2025 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 $76,500,000 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, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$461,701$41,875$860,426
2$1,418,563$481,888$43,550$893,124
3$1,475,305$502,883$45,292$927,130
4$1,534,317$524,718$47,104$962,496
5$1,595,690$547,426$48,988$999,277
6$1,659,518$571,042$50,947$1,037,529
7$1,725,898$595,603$52,985$1,077,311
8$1,794,934$621,146$55,104$1,118,684
9$1,866,732$647,711$57,309$1,161,712
10$1,941,401$675,339$59,601$1,206,461
11$2,019,057$704,071$61,985$1,253,001
12$2,099,819$733,953$64,464$1,301,401
13$2,183,812$765,031$67,043$1,351,738
14$2,271,165$797,351$69,725$1,404,089
15$2,362,011$830,964$72,514$1,458,533
16$2,456,492$865,922$75,414$1,515,155
17$2,554,751$902,278$78,431$1,574,042
18$2,656,941$940,089$81,568$1,635,285
19$2,763,219$979,411$84,831$1,698,977
20$2,873,748$1,020,307$88,224$1,765,217
21$2,988,698$1,062,838$91,753$1,834,106
22$3,108,246$1,107,071$95,423$1,905,751
23$3,232,575$1,153,073$99,240$1,980,262
24$3,361,878$1,200,915$103,210$2,057,753
25$3,496,354$1,250,671$107,338$2,138,344
26$3,636,208$1,302,417$111,632$2,222,159
27$3,781,656$1,356,233$116,097$2,309,326
28$3,932,922$1,412,201$120,741$2,399,980
29$4,090,239$1,470,409$125,570$2,494,260
30$4,253,849$1,530,944$130,593$2,592,311
Total$76,500,000$27,015,606$2,348,551$47,135,840

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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.