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Powerball Annuity Jackpot Analysis for Washington, D.C.

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $153,000,000 would be for a resident of Washington, D.C., 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Washington, D.C.

Drawing Date:  Sat, Jan 21, 2017
Jackpot:$153,000,000
Federal Tax:  25%
State Tax:8.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,302,870$575,717$195,744$1,531,408
2$2,418,013$604,503$205,531$1,607,979
3$2,538,914$634,728$215,808$1,688,378
4$2,665,859$666,465$226,598$1,772,797
5$2,799,152$699,788$237,928$1,861,436
6$2,939,110$734,777$249,824$1,954,508
7$3,086,066$771,516$262,316$2,052,234
8$3,240,369$810,092$275,431$2,154,845
9$3,402,387$850,597$289,203$2,262,588
10$3,572,507$893,127$303,663$2,375,717
11$3,751,132$937,783$318,846$2,494,503
12$3,938,688$984,672$334,789$2,619,228
13$4,135,623$1,033,906$351,528$2,750,189
14$4,342,404$1,085,601$369,104$2,887,699
15$4,559,524$1,139,881$387,560$3,032,084
16$4,787,501$1,196,875$406,938$3,183,688
17$5,026,875$1,256,719$427,284$3,342,872
18$5,278,219$1,319,555$448,649$3,510,016
19$5,542,130$1,385,533$471,081$3,685,517
20$5,819,237$1,454,809$494,635$3,869,792
21$6,110,199$1,527,550$519,367$4,063,282
22$6,415,708$1,603,927$545,335$4,266,446
23$6,736,494$1,684,123$572,602$4,479,768
24$7,073,319$1,768,330$601,232$4,703,757
25$7,426,984$1,856,746$631,294$4,938,945
26$7,798,334$1,949,583$662,858$5,185,892
27$8,188,250$2,047,063$696,001$5,445,187
28$8,597,663$2,149,416$730,801$5,717,446
29$9,027,546$2,256,887$767,341$6,003,318
30$9,478,923$2,369,731$805,708$6,303,484
Total$153,000,000$38,250,000$13,005,000$101,745,000
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