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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Dec 5, 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 $89,200,000 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, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$41,217$846,425
2$1,409,717$479,783$43,278$886,656
3$1,480,203$505,863$45,442$928,898
4$1,554,213$533,247$47,714$973,252
5$1,631,924$562,000$50,100$1,019,824
6$1,713,520$592,190$52,605$1,068,725
7$1,799,196$623,890$55,235$1,120,071
8$1,889,156$657,176$57,997$1,173,984
9$1,983,614$692,125$60,897$1,230,592
10$2,082,795$728,822$63,942$1,290,031
11$2,186,934$767,353$67,139$1,352,442
12$2,296,281$807,812$70,496$1,417,974
13$2,411,095$850,293$74,021$1,486,782
14$2,531,650$894,898$77,722$1,559,030
15$2,658,232$941,734$81,608$1,634,891
16$2,791,144$990,911$85,688$1,714,545
17$2,930,701$1,042,547$89,973$1,798,181
18$3,077,236$1,096,765$94,471$1,886,000
19$3,231,098$1,153,694$99,195$1,978,209
20$3,392,653$1,213,469$104,154$2,075,029
21$3,562,286$1,276,233$109,362$2,176,690
22$3,740,400$1,342,136$114,830$2,283,434
23$3,927,420$1,411,333$120,572$2,395,515
24$4,123,791$1,483,990$126,600$2,513,200
25$4,329,980$1,560,281$132,930$2,636,770
26$4,546,480$1,640,385$139,577$2,766,517
27$4,773,804$1,724,495$146,556$2,902,753
28$5,012,494$1,812,810$153,884$3,045,800
29$5,263,118$1,905,542$161,578$3,195,999
30$5,526,274$2,002,909$169,657$3,353,708
Total$89,200,000$31,749,631$2,738,440$54,711,927

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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.