USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jun 2, 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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$86,925$1,738,682
2$2,944,677$1,047,718$90,402$1,806,557
3$3,062,464$1,091,299$94,018$1,877,147
4$3,184,962$1,136,624$97,778$1,950,560
5$3,312,361$1,183,761$101,689$2,026,910
6$3,444,855$1,232,784$105,757$2,106,314
7$3,582,649$1,283,768$109,987$2,188,894
8$3,725,955$1,336,791$114,387$2,274,777
9$3,874,993$1,391,935$118,962$2,364,096
10$4,029,993$1,449,285$123,721$2,456,987
11$4,191,193$1,508,929$128,670$2,553,594
12$4,358,841$1,570,959$133,816$2,654,065
13$4,533,194$1,635,470$139,169$2,758,556
14$4,714,522$1,702,561$144,736$2,867,225
15$4,903,103$1,772,336$150,525$2,980,242
16$5,099,227$1,844,902$156,546$3,097,779
17$5,303,196$1,920,370$162,808$3,220,018
18$5,515,324$1,998,858$169,320$3,347,146
19$5,735,937$2,080,484$176,093$3,479,359
20$5,965,374$2,165,376$183,137$3,616,861
21$6,203,989$2,253,664$190,462$3,759,863
22$6,452,149$2,345,483$198,081$3,908,585
23$6,710,235$2,440,975$206,004$4,063,256
24$6,978,644$2,540,286$214,244$4,224,114
25$7,257,790$2,643,570$222,814$4,391,406
26$7,548,102$2,750,985$231,727$4,565,390
27$7,850,026$2,862,697$240,996$4,746,333
28$8,164,027$2,978,878$250,636$4,934,513
29$8,490,588$3,099,705$260,661$5,130,222
30$8,830,211$3,225,366$271,087$5,333,758
Total$158,800,000$57,501,632$4,875,158$96,423,209

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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.