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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$25,322$531,359
2$866,060$283,397$26,588$556,075
3$909,363$299,419$27,917$582,026
4$954,831$316,242$29,313$609,275
5$1,002,572$333,907$30,779$637,887
6$1,052,701$352,454$32,318$667,929
7$1,105,336$371,929$33,934$699,473
8$1,160,603$392,378$35,631$732,594
9$1,218,633$413,849$37,412$767,372
10$1,279,564$436,394$39,283$803,888
11$1,343,543$460,066$41,247$842,230
12$1,410,720$484,921$43,309$882,489
13$1,481,256$511,020$45,475$924,762
14$1,555,319$538,423$47,748$969,147
15$1,633,084$567,196$50,136$1,015,753
16$1,714,739$597,408$52,642$1,064,688
17$1,800,476$629,131$55,275$1,116,070
18$1,890,499$662,440$58,038$1,170,021
19$1,985,024$697,414$60,940$1,226,670
20$2,084,276$734,137$63,987$1,286,151
21$2,188,489$772,696$67,187$1,348,607
22$2,297,914$813,183$70,546$1,414,185
23$2,412,810$855,695$74,073$1,483,042
24$2,533,450$900,332$77,777$1,555,342
25$2,660,123$947,200$81,666$1,631,256
26$2,793,129$996,413$85,749$1,710,967
27$2,932,785$1,048,086$90,037$1,794,663
28$3,079,424$1,102,342$94,538$1,882,544
29$3,233,396$1,159,311$99,265$1,974,819
30$3,395,065$1,219,129$104,229$2,071,708
Total$54,800,000$19,164,650$1,682,361$33,952,992

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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.