USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 4, 2012

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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 $31,700,000 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, Jan 4, 2012
Jackpot:$31,700,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$565,214$168,200$17,352$379,662
2$587,823$176,113$18,046$393,664
3$611,336$184,382$18,768$408,186
4$635,789$193,430$19,519$422,841
5$661,221$202,839$20,299$438,082
6$687,669$212,625$21,111$453,933
7$715,176$222,803$21,956$470,417
8$743,783$233,388$22,834$487,562
9$773,535$244,396$23,748$505,392
10$804,476$255,844$24,697$523,935
11$836,655$267,750$25,685$543,220
12$870,121$280,133$26,713$563,276
13$904,926$293,010$27,781$584,134
14$941,123$306,403$28,892$605,827
15$978,768$320,332$30,048$628,388
16$1,017,919$334,818$31,250$651,851
17$1,058,635$349,883$32,500$676,252
18$1,100,981$365,551$33,800$701,630
19$1,145,020$381,845$35,152$728,023
20$1,190,821$398,792$36,558$755,471
21$1,238,454$416,416$38,021$784,018
22$1,287,992$434,745$39,541$813,706
23$1,339,512$453,807$41,123$844,582
24$1,393,092$473,632$42,768$876,692
25$1,448,816$494,250$44,479$910,088
26$1,506,768$515,692$46,258$944,819
27$1,567,039$537,992$48,108$980,939
28$1,629,721$561,184$50,032$1,018,504
29$1,694,910$585,304$52,034$1,057,572
30$1,762,706$610,389$54,115$1,098,202
Total$31,700,000$10,475,948$973,188$20,250,868

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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.