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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Apr 27, 2022

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The tax information provided here is based on 2026 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 $473,100,000 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, Apr 27, 2022
Jackpot:$473,100,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,120,834$2,590,666$218,610$4,311,559
2$7,476,876$2,722,401$229,540$4,524,934
3$7,850,719$2,860,723$241,017$4,748,979
4$8,243,256$3,005,962$253,068$4,984,226
5$8,655,418$3,158,462$265,721$5,231,235
6$9,088,189$3,318,587$279,007$5,490,594
7$9,542,599$3,486,719$292,958$5,762,922
8$10,019,729$3,663,257$307,606$6,048,866
9$10,520,715$3,848,622$322,986$6,349,107
10$11,046,751$4,043,255$339,135$6,664,360
11$11,599,088$4,247,620$356,092$6,995,376
12$12,179,043$4,462,203$373,897$7,342,943
13$12,787,995$4,687,515$392,591$7,707,888
14$13,427,395$4,924,093$412,221$8,091,080
15$14,098,764$5,172,500$432,832$8,493,432
16$14,803,703$5,433,327$454,474$8,915,902
17$15,543,887$5,707,196$477,197$9,359,494
18$16,321,082$5,994,758$501,057$9,825,267
19$17,137,136$6,296,698$526,110$10,314,328
20$17,993,993$6,613,735$552,416$10,827,843
21$18,893,692$6,946,623$580,036$11,367,033
22$19,838,377$7,296,157$609,038$11,933,182
23$20,830,296$7,663,167$639,490$12,527,639
24$21,871,810$8,048,527$671,465$13,151,819
25$22,965,401$8,453,156$705,038$13,807,208
26$24,113,671$8,878,016$740,290$14,495,366
27$25,319,355$9,324,119$777,304$15,217,932
28$26,585,322$9,792,526$816,169$15,976,626
29$27,914,588$10,284,355$856,978$16,773,256
30$29,310,318$10,800,775$899,827$17,609,716
Total$473,100,001$173,725,720$14,524,170$284,850,112

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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.