USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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The tax information provided here is based on 2024 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 $45,700,000 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:Sat, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$212,692$21,117$454,041
2$722,243$225,418$22,173$474,653
3$758,355$238,779$23,282$496,295
4$796,273$252,809$24,446$519,019
5$836,087$267,540$25,668$542,879
6$877,891$283,007$26,951$567,932
7$921,786$299,248$28,299$594,238
8$967,875$316,301$29,714$621,860
9$1,016,269$334,207$31,199$650,862
10$1,067,082$353,008$32,759$681,315
11$1,120,436$372,749$34,397$713,290
12$1,176,458$393,477$36,117$746,863
13$1,235,281$415,242$37,923$782,116
14$1,297,045$438,094$39,819$819,131
15$1,361,897$462,090$41,810$857,997
16$1,429,992$487,285$43,901$898,806
17$1,501,492$513,740$46,096$941,656
18$1,576,566$541,517$48,401$986,648
19$1,655,394$570,684$50,821$1,033,890
20$1,738,164$601,308$53,362$1,083,494
21$1,825,072$633,465$56,030$1,135,578
22$1,916,326$667,228$58,831$1,190,266
23$2,012,142$702,680$61,773$1,247,689
24$2,112,749$739,905$64,861$1,307,983
25$2,218,387$778,991$68,104$1,371,291
26$2,329,306$820,031$71,510$1,437,765
27$2,445,772$863,123$75,085$1,507,563
28$2,568,060$908,370$78,839$1,580,851
29$2,696,463$955,879$82,781$1,657,803
30$2,831,286$1,005,764$86,920$1,738,602
Total$45,700,000$15,654,631$1,402,989$28,642,376

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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.