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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$42,927$875,033
2$1,468,192$506,186$45,074$916,933
3$1,541,602$533,348$47,327$960,927
4$1,618,682$561,867$49,694$1,007,121
5$1,699,616$591,813$52,178$1,055,625
6$1,784,597$623,256$54,787$1,106,554
7$1,873,827$656,271$57,526$1,160,029
8$1,967,518$690,937$60,403$1,216,179
9$2,065,894$727,336$63,423$1,275,135
10$2,169,189$765,555$66,594$1,337,040
11$2,277,648$805,685$69,924$1,402,039
12$2,391,530$847,821$73,420$1,470,289
13$2,511,107$892,065$77,091$1,541,951
14$2,636,662$938,520$80,946$1,617,197
15$2,768,495$987,298$84,993$1,696,204
16$2,906,920$1,038,515$89,242$1,779,162
17$3,052,266$1,092,293$93,705$1,866,268
18$3,204,880$1,148,760$98,390$1,957,729
19$3,365,123$1,208,051$103,309$2,053,764
20$3,533,380$1,270,305$108,475$2,154,599
21$3,710,049$1,335,673$113,898$2,260,477
22$3,895,551$1,404,309$119,593$2,371,649
23$4,090,329$1,476,377$125,573$2,488,379
24$4,294,845$1,552,048$131,852$2,610,946
25$4,509,587$1,631,502$138,444$2,739,641
26$4,735,067$1,714,930$145,367$2,874,770
27$4,971,820$1,802,528$152,635$3,016,657
28$5,220,411$1,894,507$160,267$3,165,637
29$5,481,432$1,991,085$168,280$3,322,067
30$5,755,503$2,092,491$176,694$3,486,318
Total$92,900,000$33,261,650$2,852,031$56,786,319

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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.