USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$150,361$2,972,259
2$5,142,624$1,865,726$157,879$3,119,019
3$5,399,755$1,960,864$165,772$3,273,118
4$5,669,743$2,060,760$174,061$3,434,922
5$5,953,230$2,165,650$182,764$3,604,816
6$6,250,891$2,275,785$191,902$3,783,204
7$6,563,436$2,391,426$201,497$3,970,512
8$6,891,608$2,512,850$211,572$4,167,186
9$7,236,188$2,640,345$222,151$4,373,693
10$7,597,998$2,774,214$233,259$4,590,525
11$7,977,898$2,914,777$244,921$4,818,199
12$8,376,792$3,062,368$257,168$5,057,257
13$8,795,632$3,217,339$270,026$5,308,267
14$9,235,414$3,380,058$283,527$5,571,828
15$9,697,184$3,550,913$297,704$5,848,568
16$10,182,044$3,730,311$312,589$6,139,144
17$10,691,146$3,918,679$328,218$6,444,249
18$11,225,703$4,116,465$344,629$6,764,609
19$11,786,988$4,324,141$361,861$7,100,987
20$12,376,337$4,542,200$379,954$7,454,184
21$12,995,154$4,771,162$398,951$7,825,041
22$13,644,912$5,011,572$418,899$8,214,441
23$14,327,158$5,264,003$439,844$8,623,311
24$15,043,515$5,529,056$461,836$9,052,624
25$15,795,691$5,807,361$484,928$9,503,403
26$16,585,476$6,099,581$509,174$9,976,721
27$17,414,750$6,406,412$534,633$10,473,705
28$18,285,487$6,728,585$561,364$10,995,537
29$19,199,761$7,066,867$589,433$11,543,462
30$20,159,750$7,422,062$618,904$12,118,783
Total$325,400,001$119,286,650$9,989,781$196,123,574

◄ Back to Jackpot Analysis

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.