USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 4, 2012

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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 $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$167,372$17,352$380,490
2$587,823$175,285$18,046$394,491
3$611,336$183,515$18,768$409,053
4$635,789$192,262$19,519$424,008
5$661,221$201,672$20,299$439,249
6$687,669$211,458$21,111$455,100
7$715,176$221,635$21,956$471,585
8$743,783$232,220$22,834$488,729
9$773,535$243,228$23,748$506,559
10$804,476$254,676$24,697$525,102
11$836,655$266,583$25,685$544,387
12$870,121$278,965$26,713$564,443
13$904,926$291,843$27,781$585,302
14$941,123$305,236$28,892$606,995
15$978,768$319,164$30,048$629,555
16$1,017,919$333,650$31,250$653,018
17$1,058,635$348,715$32,500$677,420
18$1,100,981$364,383$33,800$702,798
19$1,145,020$380,678$35,152$729,190
20$1,190,821$397,624$36,558$756,639
21$1,238,454$415,248$38,021$785,185
22$1,287,992$433,577$39,541$814,873
23$1,339,512$452,640$41,123$845,749
24$1,393,092$472,464$42,768$877,860
25$1,448,816$493,082$44,479$911,255
26$1,506,768$514,525$46,258$945,986
27$1,567,039$536,825$48,108$982,106
28$1,629,721$560,017$50,032$1,019,671
29$1,694,910$584,137$52,034$1,058,739
30$1,762,706$609,221$54,115$1,099,369
Total$31,700,000$10,441,900$973,188$20,284,906

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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.