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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Mar 13, 2013

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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 $183,000,000 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:Wed, Mar 13, 2013
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,262,908$1,163,233$100,171$1,999,504
2$3,393,424$1,211,524$104,178$2,077,722
3$3,529,161$1,261,747$108,345$2,159,069
4$3,670,328$1,313,979$112,679$2,243,670
5$3,817,141$1,368,299$117,186$2,331,655
6$3,969,827$1,424,793$121,874$2,423,160
7$4,128,620$1,483,547$126,749$2,518,325
8$4,293,765$1,544,650$131,819$2,617,296
9$4,465,515$1,608,198$137,091$2,720,226
10$4,644,136$1,674,287$142,575$2,827,273
11$4,829,901$1,743,021$148,278$2,938,602
12$5,023,097$1,814,503$154,209$3,054,385
13$5,224,021$1,888,845$160,377$3,174,799
14$5,432,982$1,966,161$166,793$3,300,029
15$5,650,301$2,046,569$173,464$3,430,268
16$5,876,313$2,130,193$180,403$3,565,717
17$6,111,366$2,217,163$187,619$3,706,584
18$6,355,820$2,307,611$195,124$3,853,086
19$6,610,053$2,401,677$202,929$4,005,448
20$6,874,455$2,499,506$211,046$4,163,904
21$7,149,434$2,601,248$219,488$4,328,698
22$7,435,411$2,707,059$228,267$4,500,084
23$7,732,827$2,817,103$237,398$4,678,326
24$8,042,140$2,931,549$246,894$4,863,697
25$8,363,826$3,050,573$256,769$5,056,484
26$8,698,379$3,174,358$267,040$5,256,981
27$9,046,314$3,303,094$277,722$5,465,499
28$9,408,167$3,436,979$288,831$5,682,357
29$9,784,493$3,576,220$300,384$5,907,890
30$10,175,873$3,721,030$312,399$6,142,444
Total$183,000,000$66,388,719$5,618,101$110,993,182

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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.