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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 14, 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 $152,300,000 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, Sep 14, 2024
Jackpot:$152,300,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,292,334$806,351$70,375$1,415,608
2$2,406,950$848,759$73,893$1,484,298
3$2,527,298$893,288$77,588$1,556,422
4$2,653,663$940,043$81,467$1,632,152
5$2,786,346$989,136$85,541$1,711,669
6$2,925,663$1,040,683$89,818$1,795,162
7$3,071,946$1,094,808$94,309$1,882,830
8$3,225,544$1,151,639$99,024$1,974,881
9$3,386,821$1,211,311$103,975$2,071,534
10$3,556,162$1,273,968$109,174$2,173,020
11$3,733,970$1,339,757$114,633$2,279,580
12$3,920,668$1,408,835$120,365$2,391,469
13$4,116,702$1,481,367$126,383$2,508,952
14$4,322,537$1,557,526$132,702$2,632,309
15$4,538,664$1,637,493$139,337$2,761,833
16$4,765,597$1,721,459$146,304$2,897,834
17$5,003,877$1,809,622$153,619$3,040,636
18$5,254,071$1,902,194$161,300$3,190,577
19$5,516,774$1,999,394$169,365$3,348,015
20$5,792,613$2,101,454$177,833$3,513,325
21$6,082,243$2,208,618$186,725$3,686,901
22$6,386,356$2,321,139$196,061$3,869,155
23$6,705,673$2,439,287$205,864$4,060,522
24$7,040,957$2,563,342$216,157$4,261,458
25$7,393,005$2,693,600$226,965$4,472,440
26$7,762,655$2,830,370$238,314$4,693,971
27$8,150,788$2,973,979$250,229$4,926,579
28$8,558,327$3,124,769$262,741$5,170,818
29$8,986,244$3,283,098$275,878$5,427,268
30$9,435,556$3,449,343$289,672$5,696,541
Total$152,300,000$55,096,632$4,675,611$92,527,759

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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.