USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 28, 2011

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The tax information provided here is based on 2026 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 $37,100,000 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:Wed, Sep 28, 2011
Jackpot:$37,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$661,497$200,711$20,308$440,478
2$687,957$210,501$21,120$456,335
3$715,475$220,683$21,965$472,827
4$744,094$231,272$22,844$489,978
5$773,858$242,285$23,757$507,816
6$804,812$253,738$24,708$526,366
7$837,004$265,649$25,696$545,659
8$870,485$278,037$26,724$565,724
9$905,304$290,920$27,793$586,591
10$941,516$304,318$28,905$608,293
11$979,177$318,253$30,061$630,863
12$1,018,344$332,744$31,263$654,336
13$1,059,077$347,816$32,514$678,748
14$1,101,441$363,490$33,814$704,136
15$1,145,498$379,792$35,167$730,540
16$1,191,318$396,745$36,573$758,000
17$1,238,971$414,376$38,036$786,558
18$1,288,530$432,713$39,558$816,259
19$1,340,071$451,783$41,140$847,147
20$1,393,674$471,617$42,786$879,271
21$1,449,421$492,243$44,497$912,681
22$1,507,398$513,694$46,277$947,426
23$1,567,693$536,004$48,128$983,561
24$1,630,401$559,206$50,053$1,021,142
25$1,695,617$583,336$52,055$1,060,226
26$1,763,442$608,431$54,138$1,100,873
27$1,833,980$634,530$56,303$1,143,147
28$1,907,339$661,673$58,555$1,187,111
29$1,983,632$689,901$60,898$1,232,834
30$2,062,978$719,259$63,333$1,280,385
Total$37,100,000$12,405,720$1,138,969$23,555,311

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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.