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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 18, 2020

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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 $322,600,000 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 18, 2020
Jackpot:$322,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,855,593$1,752,527$149,067$2,954,000
2$5,098,373$1,842,355$156,520$3,099,497
3$5,353,291$1,936,675$164,346$3,252,270
4$5,620,956$2,035,711$172,563$3,412,682
5$5,902,003$2,139,699$181,192$3,581,113
6$6,197,104$2,248,886$190,251$3,757,967
7$6,506,959$2,363,532$199,764$3,943,663
8$6,832,307$2,483,911$209,752$4,138,644
9$7,173,922$2,610,309$220,239$4,343,374
10$7,532,618$2,743,026$231,251$4,558,341
11$7,909,249$2,882,380$242,814$4,784,056
12$8,304,712$3,028,701$254,955$5,021,057
13$8,719,947$3,182,338$267,702$5,269,907
14$9,155,945$3,343,657$281,088$5,531,200
15$9,613,742$3,513,042$295,142$5,805,558
16$10,094,429$3,690,896$309,899$6,093,634
17$10,599,150$3,877,643$325,394$6,396,114
18$11,129,108$4,073,727$341,664$6,713,717
19$11,685,563$4,279,616$358,747$7,047,201
20$12,269,842$4,495,799$376,684$7,397,359
21$12,883,334$4,722,791$395,518$7,765,025
22$13,527,500$4,961,132$415,294$8,151,074
23$14,203,875$5,211,391$436,059$8,556,425
24$14,914,069$5,474,163$457,862$8,982,044
25$15,659,772$5,750,073$480,755$9,428,944
26$16,442,761$6,039,779$504,793$9,898,190
27$17,264,899$6,343,970$530,032$10,390,897
28$18,128,144$6,663,371$556,534$10,908,239
29$19,034,551$6,998,741$584,361$11,451,449
30$19,986,279$7,350,881$613,579$12,021,820
Total$322,600,001$118,040,722$9,903,821$194,655,461

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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.