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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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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 $78,400,000 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, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$36,227$749,006
2$1,239,034$416,630$38,038$784,365
3$1,300,986$439,553$39,940$821,493
4$1,366,035$463,621$41,937$860,477
5$1,434,337$488,892$44,034$901,410
6$1,506,054$515,428$46,236$944,390
7$1,581,356$543,290$48,548$989,519
8$1,660,424$572,545$50,975$1,036,905
9$1,743,445$603,263$53,524$1,086,659
10$1,830,618$635,516$56,200$1,138,901
11$1,922,149$669,383$59,010$1,193,756
12$2,018,256$704,942$61,960$1,251,353
13$2,119,169$742,280$65,058$1,311,830
14$2,225,127$781,485$68,311$1,375,331
15$2,336,384$822,650$71,727$1,442,007
16$2,453,203$865,873$75,313$1,512,017
17$2,575,863$911,257$79,079$1,585,527
18$2,704,656$958,911$83,033$1,662,713
19$2,839,889$1,008,947$87,185$1,743,758
20$2,981,883$1,061,485$91,544$1,828,855
21$3,130,978$1,116,649$96,121$1,918,207
22$3,287,526$1,174,573$100,927$2,012,027
23$3,451,903$1,235,392$105,973$2,110,538
24$3,624,498$1,299,252$111,272$2,213,974
25$3,805,723$1,366,305$116,836$2,322,582
26$3,996,009$1,436,711$122,677$2,436,620
27$4,195,809$1,510,637$128,811$2,556,361
28$4,405,600$1,588,260$135,252$2,682,088
29$4,625,880$1,669,763$142,015$2,814,102
30$4,857,174$1,755,342$149,115$2,952,717
Total$78,400,000$27,753,635$2,406,878$48,239,488

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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.