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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Dec 23, 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 $626,400,000 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:Sat, Dec 23, 2023
Jackpot:$626,400,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,428,219$3,445,461$289,446$5,693,311
2$9,899,630$3,619,883$303,919$5,975,828
3$10,394,611$3,803,026$319,115$6,272,470
4$10,914,342$3,995,327$335,070$6,583,945
5$11,460,059$4,197,242$351,824$6,910,993
6$12,033,062$4,409,253$369,415$7,254,394
7$12,634,715$4,631,865$387,886$7,614,965
8$13,266,451$4,865,607$407,280$7,993,564
9$13,929,774$5,111,036$427,644$8,391,093
10$14,626,262$5,368,737$449,026$8,808,499
11$15,357,575$5,639,323$471,478$9,246,775
12$16,125,454$5,923,438$495,051$9,706,964
13$16,931,727$6,221,759$519,804$10,190,164
14$17,778,313$6,534,996$545,794$10,697,523
15$18,667,229$6,863,895$573,084$11,230,250
16$19,600,590$7,209,239$601,738$11,789,614
17$20,580,619$7,571,849$631,825$12,376,945
18$21,609,651$7,952,591$663,416$12,993,643
19$22,690,133$8,352,369$696,587$13,641,176
20$23,824,640$8,772,137$731,416$14,321,086
21$25,015,872$9,212,893$767,987$15,034,992
22$26,266,665$9,675,686$806,387$15,784,592
23$27,579,999$10,161,620$846,706$16,571,673
24$28,958,998$10,671,850$889,041$17,398,107
25$30,406,948$11,207,591$933,493$18,265,864
26$31,927,296$11,770,120$980,168$19,177,008
27$33,523,661$12,360,775$1,029,176$20,133,710
28$35,199,843$12,980,962$1,080,635$21,138,246
29$36,959,836$13,632,159$1,134,667$22,193,009
30$38,807,828$14,315,917$1,191,400$23,300,511
Total$626,400,001$230,478,606$19,230,478$376,690,914

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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.