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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 2025 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 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$262,203$25,322$537,294
2$866,060$277,462$26,588$562,009
3$909,363$293,484$27,917$587,961
4$954,831$310,308$29,313$615,210
5$1,002,572$327,972$30,779$643,821
6$1,052,701$346,520$32,318$673,863
7$1,105,336$365,995$33,934$705,408
8$1,160,603$386,443$35,631$738,529
9$1,218,633$407,914$37,412$773,306
10$1,279,564$430,459$39,283$809,823
11$1,343,543$454,131$41,247$848,165
12$1,410,720$478,987$43,309$888,424
13$1,481,256$505,085$45,475$930,696
14$1,555,319$532,488$47,748$975,082
15$1,633,084$561,262$50,136$1,021,687
16$1,714,739$591,474$52,642$1,070,623
17$1,800,476$623,196$55,275$1,122,005
18$1,890,499$656,505$58,038$1,175,956
19$1,985,024$691,479$60,940$1,232,605
20$2,084,276$728,202$63,987$1,292,086
21$2,188,489$766,761$67,187$1,354,541
22$2,297,914$807,248$70,546$1,420,120
23$2,412,810$849,760$74,073$1,488,977
24$2,533,450$894,397$77,777$1,561,276
25$2,660,123$941,266$81,666$1,637,191
26$2,793,129$990,478$85,749$1,716,902
27$2,932,785$1,042,151$90,037$1,800,598
28$3,079,424$1,096,407$94,538$1,888,479
29$3,233,396$1,153,377$99,265$1,980,754
30$3,395,065$1,213,194$104,229$2,077,642
Total$54,800,000$18,986,608$1,682,361$34,131,033

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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.