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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$128,745$2,555,060
2$4,361,385$1,571,900$133,895$2,655,590
3$4,535,840$1,636,449$139,250$2,760,141
4$4,717,274$1,703,579$144,820$2,868,874
5$4,905,965$1,773,395$150,613$2,981,957
6$5,102,203$1,846,003$156,638$3,099,563
7$5,306,292$1,921,516$162,903$3,221,873
8$5,518,543$2,000,049$169,419$3,349,075
9$5,739,285$2,081,723$176,196$3,481,366
10$5,968,856$2,166,665$183,244$3,618,948
11$6,207,611$2,255,004$190,574$3,762,033
12$6,455,915$2,346,876$198,197$3,910,842
13$6,714,152$2,442,424$206,124$4,065,603
14$6,982,718$2,541,793$214,369$4,226,555
15$7,262,026$2,645,138$222,944$4,393,945
16$7,552,507$2,752,616$231,862$4,568,030
17$7,854,608$2,864,393$241,136$4,749,079
18$8,168,792$2,980,641$250,782$4,937,369
19$8,495,544$3,101,539$260,813$5,133,192
20$8,835,366$3,227,273$271,246$5,336,847
21$9,188,780$3,358,036$282,096$5,548,648
22$9,556,331$3,494,030$293,379$5,768,922
23$9,938,585$3,635,464$305,115$5,998,006
24$10,336,128$3,782,555$317,319$6,236,254
25$10,749,573$3,935,530$330,012$6,484,031
26$11,179,556$4,094,623$343,212$6,741,720
27$11,626,738$4,260,081$356,941$7,009,717
28$12,091,808$4,432,157$371,219$7,288,433
29$12,575,480$4,611,115$386,067$7,578,297
30$13,078,499$4,797,233$401,510$7,879,757
Total$235,200,000$85,769,634$7,220,640$142,209,727

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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.