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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 24, 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 $30,000,000 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, Sep 24, 2011
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$157,591$16,422$360,891
2$556,299$165,079$17,078$374,141
3$578,551$172,868$17,762$387,922
4$601,693$180,967$18,472$402,254
5$625,761$189,719$19,211$416,831
6$650,791$198,981$19,979$431,831
7$676,823$208,612$20,778$447,432
8$703,896$218,629$21,610$463,657
9$732,052$229,047$22,474$480,531
10$761,334$239,881$23,373$498,080
11$791,787$251,149$24,308$516,330
12$823,459$262,867$25,280$535,311
13$856,397$275,055$26,291$555,051
14$890,653$287,729$27,343$575,580
15$926,279$300,911$28,437$596,931
16$963,330$314,620$29,574$619,136
17$1,001,863$328,877$30,757$642,229
18$1,041,938$343,705$31,987$666,246
19$1,083,615$359,125$33,267$691,223
20$1,126,960$375,163$34,598$717,199
21$1,172,038$391,842$35,982$744,215
22$1,218,920$409,188$37,421$772,311
23$1,267,677$427,228$38,918$801,531
24$1,318,384$445,990$40,474$831,920
25$1,371,119$465,502$42,093$863,524
26$1,425,964$485,794$43,777$896,392
27$1,483,002$506,899$45,528$930,576
28$1,542,322$528,847$47,349$966,126
29$1,604,015$551,673$49,243$1,003,099
30$1,668,176$575,413$51,213$1,041,550
Total$30,000,000$9,848,951$920,999$19,230,050

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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.