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Pennsylvania Powerball Jackpot Annuity Payout Schedule for Sep 18, 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 $176,300,000 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:Wed, Sep 18, 2024
Jackpot:$176,300,000
Federal Tax:37% marginal rate
State Tax: 3.07%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,653,568$940,008$81,465$1,632,096
2$2,786,246$989,099$85,538$1,711,610
3$2,925,559$1,040,644$89,815$1,795,100
4$3,071,837$1,094,767$94,305$1,882,764
5$3,225,428$1,151,596$99,021$1,974,812
6$3,386,700$1,211,267$103,972$2,071,462
7$3,556,035$1,273,921$109,170$2,172,944
8$3,733,837$1,339,707$114,629$2,279,501
9$3,920,529$1,408,783$120,360$2,391,385
10$4,116,555$1,481,313$126,378$2,508,864
11$4,322,383$1,557,469$132,697$2,632,216
12$4,538,502$1,637,433$139,332$2,761,736
13$4,765,427$1,721,396$146,299$2,897,733
14$5,003,698$1,809,556$153,614$3,040,529
15$5,253,883$1,902,125$161,294$3,190,464
16$5,516,577$1,999,321$169,359$3,347,897
17$5,792,406$2,101,378$177,827$3,513,201
18$6,082,026$2,208,538$186,718$3,686,771
19$6,386,128$2,321,055$196,054$3,869,019
20$6,705,434$2,439,198$205,857$4,060,379
21$7,040,706$2,563,249$216,150$4,261,307
22$7,392,741$2,693,502$226,957$4,472,282
23$7,762,378$2,830,268$238,305$4,693,806
24$8,150,497$2,973,872$250,220$4,926,405
25$8,558,022$3,124,656$262,731$5,170,635
26$8,985,923$3,282,979$275,868$5,427,076
27$9,435,219$3,449,219$289,661$5,696,339
28$9,906,980$3,623,770$304,144$5,979,065
29$10,402,329$3,807,050$319,352$6,275,928
30$10,922,446$3,999,493$335,319$6,587,634
Total$176,300,000$63,976,632$5,412,411$106,910,960

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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.