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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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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 $166,000,000 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, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$76,705$1,540,354
2$2,623,465$927,702$80,540$1,615,222
3$2,754,638$976,236$84,567$1,693,835
4$2,892,370$1,027,197$88,796$1,776,377
5$3,036,989$1,080,706$93,236$1,863,047
6$3,188,838$1,136,890$97,897$1,954,051
7$3,348,280$1,195,884$102,792$2,049,604
8$3,515,694$1,257,827$107,932$2,149,935
9$3,691,479$1,322,867$113,328$2,255,283
10$3,876,053$1,391,160$118,995$2,365,898
11$4,069,856$1,462,867$124,945$2,482,044
12$4,273,348$1,538,159$131,192$2,603,997
13$4,487,016$1,617,216$137,751$2,732,048
14$4,711,367$1,700,226$144,639$2,866,502
15$4,946,935$1,787,386$151,871$3,007,678
16$5,194,282$1,878,904$159,464$3,155,913
17$5,453,996$1,974,999$167,438$3,311,559
18$5,726,695$2,075,898$175,810$3,474,988
19$6,013,030$2,181,841$184,600$3,646,589
20$6,313,682$2,293,082$193,830$3,826,769
21$6,629,366$2,409,886$203,522$4,015,959
22$6,960,834$2,532,529$213,698$4,214,608
23$7,308,876$2,661,304$224,382$4,423,189
24$7,674,319$2,796,518$235,602$4,642,199
25$8,058,035$2,938,493$247,382$4,872,160
26$8,460,937$3,087,567$259,751$5,113,619
27$8,883,984$3,244,094$272,738$5,367,151
28$9,328,183$3,408,448$286,375$5,633,360
29$9,794,592$3,581,019$300,694$5,912,879
30$10,284,322$3,762,219$315,729$6,206,374
Total$166,000,000$60,130,603$5,096,201$100,773,191

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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.