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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 13, 2021

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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 $419,100,000 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:Mon, Sep 13, 2021
Jackpot:$419,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,308,056$2,289,938$193,657$3,824,461
2$6,623,459$2,406,637$203,340$4,013,482
3$6,954,632$2,529,171$213,507$4,211,954
4$7,302,364$2,657,832$224,183$4,420,350
5$7,667,482$2,792,926$235,392$4,639,165
6$8,050,856$2,934,774$247,161$4,868,921
7$8,453,399$3,083,715$259,519$5,110,165
8$8,876,069$3,240,103$272,495$5,363,471
9$9,319,872$3,404,310$286,120$5,629,442
10$9,785,866$3,576,728$300,426$5,908,712
11$10,275,159$3,757,766$315,447$6,201,946
12$10,788,917$3,947,857$331,220$6,509,841
13$11,328,363$4,147,452$347,781$6,833,131
14$11,894,781$4,357,026$365,170$7,172,585
15$12,489,520$4,577,080$383,428$7,529,012
16$13,113,996$4,808,136$402,600$7,903,261
17$13,769,696$5,050,745$422,730$8,296,222
18$14,458,181$5,305,484$443,866$8,708,831
19$15,181,090$5,572,961$466,059$9,142,070
20$15,940,145$5,853,811$489,362$9,596,971
21$16,737,152$6,148,703$513,831$10,074,618
22$17,574,009$6,458,341$539,522$10,576,146
23$18,452,710$6,783,460$566,498$11,102,752
24$19,375,345$7,124,835$594,823$11,655,687
25$20,344,112$7,483,279$624,564$12,236,269
26$21,361,318$7,859,645$655,792$12,845,881
27$22,429,384$8,254,829$688,582$13,485,973
28$23,550,853$8,669,773$723,011$14,158,069
29$24,728,396$9,105,464$759,162$14,863,770
30$25,964,816$9,562,939$797,120$15,604,757
Total$419,100,001$153,745,720$12,866,368$252,487,915

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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.