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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 prize money, as well as deductions claimed.

State:

Pennsylvania

Drawing Date:Sat, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$131,970$2,612,133
2$4,513,624$1,634,113$138,568$2,740,943
3$4,739,306$1,717,615$145,497$2,876,194
4$4,976,271$1,805,293$152,772$3,018,207
5$5,225,084$1,897,353$160,410$3,167,321
6$5,486,339$1,994,018$168,431$3,323,890
7$5,760,656$2,095,515$176,852$3,488,289
8$6,048,688$2,202,087$185,695$3,660,907
9$6,351,123$2,313,988$194,979$3,842,156
10$6,668,679$2,431,483$204,728$4,032,467
11$7,002,113$2,554,854$214,965$4,232,294
12$7,352,219$2,684,393$225,713$4,442,112
13$7,719,829$2,820,409$236,999$4,662,422
14$8,105,821$2,963,226$248,849$4,893,746
15$8,511,112$3,113,184$261,291$5,136,637
16$8,936,668$3,270,639$274,356$5,391,673
17$9,383,501$3,435,968$288,073$5,659,460
18$9,852,676$3,609,562$302,477$5,940,636
19$10,345,310$3,791,837$317,601$6,235,872
20$10,862,575$3,983,225$333,481$6,545,869
21$11,405,704$4,184,183$350,155$6,871,366
22$11,975,989$4,395,188$367,663$7,213,138
23$12,574,789$4,616,744$386,046$7,571,999
24$13,203,528$4,849,378$405,348$7,948,802
25$13,863,704$5,093,643$425,616$8,344,446
26$14,556,890$5,350,121$446,897$8,759,872
27$15,284,734$5,619,424$469,241$9,196,069
28$16,048,971$5,902,191$492,703$9,654,076
29$16,851,419$6,199,097$517,339$10,134,983
30$17,693,990$6,510,849$543,206$10,639,936
Total$285,600,001$104,594,167$8,767,921$172,237,915

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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.