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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$292,311$5,743,303
2$9,997,615$3,662,072$306,927$6,028,616
3$10,497,495$3,847,028$322,273$6,328,194
4$11,022,371$4,041,232$338,387$6,642,752
5$11,573,488$4,245,146$355,306$6,973,037
6$12,152,163$4,459,255$373,071$7,319,836
7$12,759,772$4,684,071$391,725$7,683,976
8$13,397,760$4,920,126$411,311$8,066,323
9$14,067,648$5,167,985$431,877$8,467,787
10$14,771,030$5,428,236$453,471$8,889,323
11$15,509,582$5,701,500$476,144$9,331,937
12$16,285,061$5,988,428$499,951$9,796,682
13$17,099,314$6,289,701$524,949$10,284,664
14$17,954,280$6,606,039$551,196$10,797,045
15$18,851,994$6,938,193$578,756$11,335,045
16$19,794,594$7,286,955$607,694$11,899,945
17$20,784,323$7,653,154$638,079$12,493,090
18$21,823,539$8,037,664$669,983$13,115,892
19$22,914,716$8,441,400$703,482$13,769,834
20$24,060,452$8,865,322$738,656$14,456,474
21$25,263,474$9,310,441$775,589$15,177,445
22$26,526,648$9,777,815$814,368$15,934,465
23$27,852,981$10,268,558$855,087$16,729,336
24$29,245,629$10,783,838$897,841$17,563,951
25$30,707,911$11,324,882$942,733$18,440,296
26$32,243,307$11,892,979$989,870$19,360,459
27$33,855,472$12,489,480$1,039,363$20,326,630
28$35,548,245$13,115,806$1,091,331$21,341,108
29$37,325,658$13,773,448$1,145,898$22,406,312
30$39,191,941$14,463,973$1,203,193$23,524,775
Total$632,600,001$232,950,651$19,420,822$380,228,532

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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.