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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,550,931$132,155$2,621,625
2$4,519,946$1,630,568$138,762$2,750,616
3$4,745,943$1,714,187$145,700$2,886,056
4$4,983,241$1,801,987$152,985$3,028,268
5$5,232,402$1,894,177$160,635$3,177,591
6$5,494,023$1,990,976$168,666$3,334,380
7$5,768,724$2,092,616$177,100$3,499,008
8$6,057,160$2,199,337$185,955$3,671,868
9$6,360,018$2,311,394$195,253$3,853,371
10$6,678,019$2,429,055$205,015$4,043,949
11$7,011,920$2,552,598$215,266$4,244,056
12$7,362,516$2,682,319$226,029$4,454,168
13$7,730,641$2,818,525$237,331$4,674,786
14$8,117,174$2,961,542$249,197$4,906,434
15$8,523,032$3,111,710$261,657$5,149,665
16$8,949,184$3,269,386$274,740$5,405,058
17$9,396,643$3,434,946$288,477$5,673,220
18$9,866,475$3,608,784$302,901$5,954,791
19$10,359,799$3,791,313$318,046$6,250,440
20$10,877,789$3,982,970$333,948$6,560,871
21$11,421,678$4,184,209$350,646$6,886,824
22$11,992,762$4,395,510$368,178$7,229,075
23$12,592,400$4,617,376$386,587$7,588,438
24$13,222,020$4,850,335$405,916$7,965,769
25$13,883,121$5,094,943$426,212$8,361,967
26$14,577,278$5,351,780$447,522$8,777,975
27$15,306,141$5,621,460$469,899$9,214,783
28$16,071,448$5,904,624$493,393$9,673,431
29$16,875,021$6,201,945$518,063$10,155,012
30$17,718,772$6,514,133$543,966$10,660,672
Total$286,000,001$104,565,636$8,780,200$172,654,167

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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.