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Pennsylvania Powerball Jackpot Annuity Payout Schedule for May 4, 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 $193,800,000 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, May 4, 2013
Jackpot:$193,800,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,455,473$1,234,482$106,083$2,114,908
2$3,593,692$1,285,623$110,326$2,197,742
3$3,737,440$1,338,810$114,739$2,283,890
4$3,886,937$1,394,124$119,329$2,373,484
5$4,042,415$1,451,651$124,102$2,466,662
6$4,204,112$1,511,479$129,066$2,563,567
7$4,372,276$1,573,699$134,229$2,664,348
8$4,547,167$1,638,409$139,598$2,769,160
9$4,729,054$1,705,707$145,182$2,878,165
10$4,918,216$1,775,697$150,989$2,991,530
11$5,114,944$1,848,487$157,029$3,109,429
12$5,319,542$1,924,188$163,310$3,232,044
13$5,532,324$2,002,917$169,842$3,359,564
14$5,753,617$2,084,796$176,636$3,492,185
15$5,983,762$2,169,949$183,701$3,630,111
16$6,223,112$2,258,509$191,050$3,773,554
17$6,472,037$2,350,611$198,692$3,922,734
18$6,730,918$2,446,397$206,639$4,077,882
19$7,000,155$2,546,014$214,905$4,239,235
20$7,280,161$2,649,617$223,501$4,407,043
21$7,571,367$2,757,363$232,441$4,581,563
22$7,874,222$2,869,419$241,739$4,763,064
23$8,189,191$2,985,958$251,408$4,951,825
24$8,516,759$3,107,158$261,464$5,148,136
25$8,857,429$3,233,206$271,923$5,352,300
26$9,211,726$3,364,296$282,800$5,564,630
27$9,580,195$3,500,629$294,112$5,785,454
28$9,963,403$3,642,416$305,876$6,015,110
29$10,361,939$3,789,875$318,112$6,253,953
30$10,776,417$3,943,231$330,836$6,502,349
Total$193,800,000$70,384,717$5,949,659$117,465,621

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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.