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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Nov 30, 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 $65,600,000 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:Wed, Nov 30, 2022
Jackpot:$65,600,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$987,374$323,516$30,312$633,546
2$1,036,743$341,783$31,828$663,132
3$1,088,580$360,962$33,419$694,198
4$1,143,009$381,101$35,090$726,818
5$1,200,159$402,247$36,845$761,068
6$1,260,167$424,450$38,687$797,031
7$1,323,176$447,763$40,621$834,792
8$1,389,335$472,242$42,653$874,440
9$1,458,801$497,944$44,785$916,072
10$1,531,741$524,932$47,024$959,785
11$1,608,328$553,269$49,376$1,005,683
12$1,688,745$583,023$51,844$1,053,877
13$1,773,182$614,265$54,437$1,104,480
14$1,861,841$647,069$57,159$1,157,614
15$1,954,933$681,513$60,016$1,213,404
16$2,052,680$717,679$63,017$1,271,983
17$2,155,314$755,654$66,168$1,333,492
18$2,263,080$795,527$69,477$1,398,076
19$2,376,234$837,394$72,950$1,465,889
20$2,495,045$881,355$76,598$1,537,093
21$2,619,798$927,513$80,428$1,611,857
22$2,750,787$975,979$84,449$1,690,359
23$2,888,327$1,026,869$88,672$1,772,787
24$3,032,743$1,080,303$93,105$1,859,335
25$3,184,380$1,136,408$97,760$1,950,211
26$3,343,599$1,195,320$102,648$2,045,631
27$3,510,779$1,257,176$107,781$2,145,822
28$3,686,318$1,322,125$113,170$2,251,023
29$3,870,634$1,390,322$118,828$2,361,483
30$4,064,166$1,461,929$124,770$2,477,467
Total$65,600,000$23,017,632$2,013,917$40,568,448

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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.