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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Aug 10, 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 $201,900,000 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, Aug 10, 2024
Jackpot:$201,900,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,038,885$1,082,575$93,294$1,863,016
2$3,190,829$1,138,794$97,958$1,954,076
3$3,350,370$1,197,825$102,856$2,049,689
4$3,517,889$1,259,807$107,999$2,150,083
5$3,693,783$1,324,888$113,399$2,255,497
6$3,878,473$1,393,223$119,069$2,366,181
7$4,072,396$1,464,974$125,023$2,482,399
8$4,276,016$1,540,314$131,274$2,604,429
9$4,489,817$1,619,420$137,837$2,732,559
10$4,714,308$1,702,482$144,729$2,867,097
11$4,950,023$1,789,696$151,966$3,008,361
12$5,197,524$1,881,272$159,564$3,156,689
13$5,457,400$1,977,426$167,542$3,312,432
14$5,730,270$2,078,388$175,919$3,475,963
15$6,016,784$2,184,398$184,715$3,647,671
16$6,317,623$2,295,708$193,951$3,827,964
17$6,633,504$2,412,584$203,649$4,017,271
18$6,965,180$2,535,304$213,831$4,216,044
19$7,313,438$2,664,160$224,523$4,424,756
20$7,679,110$2,799,459$235,749$4,643,903
21$8,063,066$2,941,522$247,536$4,874,008
22$8,466,219$3,090,689$259,913$5,115,617
23$8,889,530$3,247,314$272,909$5,369,308
24$9,334,007$3,411,770$286,554$5,635,682
25$9,800,707$3,584,449$300,882$5,915,376
26$10,290,742$3,765,762$315,926$6,209,054
27$10,805,280$3,956,141$331,722$6,517,416
28$11,345,543$4,156,039$348,308$6,841,196
29$11,912,821$4,365,931$365,724$7,181,166
30$12,508,462$4,586,319$384,010$7,538,133
Total$201,900,000$73,448,633$6,198,331$122,253,036

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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.