USA Mega

Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2022 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 prize 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$1,555,698$132,155$2,616,858
2$4,519,946$1,635,335$138,762$2,745,849
3$4,745,943$1,718,954$145,700$2,881,289
4$4,983,241$1,806,754$152,985$3,023,501
5$5,232,402$1,898,944$160,635$3,172,824
6$5,494,023$1,995,743$168,666$3,329,613
7$5,768,724$2,097,383$177,100$3,494,241
8$6,057,160$2,204,104$185,955$3,667,101
9$6,360,018$2,316,162$195,253$3,848,604
10$6,678,019$2,433,822$205,015$4,039,182
11$7,011,920$2,557,365$215,266$4,239,289
12$7,362,516$2,687,086$226,029$4,449,401
13$7,730,641$2,823,292$237,331$4,670,018
14$8,117,174$2,966,309$249,197$4,901,667
15$8,523,032$3,116,477$261,657$5,144,898
16$8,949,184$3,274,153$274,740$5,400,291
17$9,396,643$3,439,713$288,477$5,668,453
18$9,866,475$3,613,551$302,901$5,950,024
19$10,359,799$3,796,081$318,046$6,245,672
20$10,877,789$3,987,737$333,948$6,556,104
21$11,421,678$4,188,976$350,646$6,882,057
22$11,992,762$4,400,277$368,178$7,224,307
23$12,592,400$4,622,143$386,587$7,583,671
24$13,222,020$4,855,102$405,916$7,961,002
25$13,883,121$5,099,710$426,212$8,357,200
26$14,577,278$5,356,548$447,522$8,773,207
27$15,306,141$5,626,227$469,899$9,210,016
28$16,071,448$5,909,391$493,393$9,668,664
29$16,875,021$6,206,713$518,063$10,150,245
30$17,718,772$6,518,901$543,966$10,655,905
Total$286,000,001$104,708,651$8,780,200$172,511,153

◄ Back to Jackpot Analysis

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.