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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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The tax information provided here is based on 2025 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 $1,066,200,000 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, Oct 2, 2023
Jackpot:$1,066,200,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,047,840$5,894,721$492,669$9,660,450
2$16,850,232$6,191,606$517,302$10,141,324
3$17,692,744$6,503,335$543,167$10,646,241
4$18,577,381$6,830,651$570,326$11,176,404
5$19,506,249$7,174,333$598,842$11,733,075
6$20,481,562$7,535,198$628,784$12,317,580
7$21,505,641$7,914,107$660,223$12,931,310
8$22,580,923$8,311,962$693,234$13,575,727
9$23,709,969$8,729,709$727,896$14,252,364
10$24,895,467$9,168,343$764,291$14,962,833
11$26,140,241$9,628,909$802,505$15,708,826
12$27,447,253$10,112,504$842,631$16,492,118
13$28,819,615$10,620,278$884,762$17,314,575
14$30,260,596$11,153,441$929,000$18,178,155
15$31,773,626$11,713,262$975,450$19,084,914
16$33,362,307$12,301,074$1,024,223$20,037,011
17$35,030,422$12,918,276$1,075,434$21,036,712
18$36,781,944$13,566,339$1,129,206$22,086,399
19$38,621,040$14,246,805$1,185,666$23,188,569
20$40,552,093$14,961,295$1,244,949$24,345,849
21$42,579,697$15,711,508$1,307,197$25,560,992
22$44,708,682$16,499,233$1,372,557$26,836,893
23$46,944,116$17,326,343$1,441,184$28,176,589
24$49,291,322$18,194,809$1,513,244$29,583,269
25$51,755,888$19,106,699$1,588,906$31,060,283
26$54,343,683$20,064,183$1,668,351$32,611,149
27$57,060,867$21,069,541$1,751,769$34,239,557
28$59,913,910$22,125,167$1,839,357$35,949,386
29$62,909,605$23,233,574$1,931,325$37,744,706
30$66,055,086$24,397,402$2,027,891$39,629,793
Total$1,066,200,002$393,204,607$32,732,341$640,263,053

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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.