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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 $54,000,000 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, Dec 3, 2016
Jackpot:$54,000,000
Federal Tax:  25%
State Tax:8.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$812,777$203,194$69,086$540,497
2$853,416$213,354$72,540$567,522
3$896,087$224,022$76,167$595,898
4$940,892$235,223$79,976$625,693
5$987,936$246,984$83,975$656,978
6$1,037,333$259,333$88,173$689,826
7$1,089,200$272,300$92,582$724,318
8$1,143,660$285,915$97,211$760,534
9$1,200,843$300,211$102,072$798,560
10$1,260,885$315,221$107,175$838,488
11$1,323,929$330,982$112,534$880,413
12$1,390,125$347,531$118,161$924,433
13$1,459,632$364,908$124,069$970,655
14$1,532,613$383,153$130,272$1,019,188
15$1,609,244$402,311$136,786$1,070,147
16$1,689,706$422,427$143,625$1,123,655
17$1,774,191$443,548$150,806$1,179,837
18$1,862,901$465,725$158,347$1,238,829
19$1,956,046$489,011$166,264$1,300,771
20$2,053,848$513,462$174,577$1,365,809
21$2,156,541$539,135$183,306$1,434,100
22$2,264,368$566,092$192,471$1,505,805
23$2,377,586$594,397$202,095$1,581,095
24$2,496,465$624,116$212,200$1,660,149
25$2,621,289$655,322$222,810$1,743,157
26$2,752,353$688,088$233,950$1,830,315
27$2,889,971$722,493$245,648$1,921,831
28$3,034,469$758,617$257,930$2,017,922
29$3,186,193$796,548$270,826$2,118,818
30$3,345,502$836,376$284,368$2,224,759
Total$54,000,000$13,500,000$4,590,000$35,910,000
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