USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Washington, D.C.

Media: You may freely use any information on this page, but you must credit www.usamega.com.

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 $127,000,000 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, Oct 31, 2020
Jackpot:$127,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,911,532$458,768$162,480$1,290,284
2$2,007,109$481,706$170,604$1,354,799
3$2,107,464$505,791$179,134$1,422,538
4$2,212,838$531,081$188,091$1,493,665
5$2,323,479$557,635$197,496$1,568,349
6$2,439,653$585,517$207,371$1,646,766
7$2,561,636$614,793$217,739$1,729,104
8$2,689,718$645,532$228,626$1,815,560
9$2,824,204$677,809$240,057$1,906,338
10$2,965,414$711,699$252,060$2,001,654
11$3,113,685$747,284$264,663$2,101,737
12$3,269,369$784,649$277,896$2,206,824
13$3,432,837$823,881$291,791$2,317,165
14$3,604,479$865,075$306,381$2,433,023
15$3,784,703$908,329$321,700$2,554,675
16$3,973,938$953,745$337,785$2,682,408
17$4,172,635$1,001,432$354,674$2,816,529
18$4,381,267$1,051,504$372,408$2,957,355
19$4,600,330$1,104,079$391,028$3,105,223
20$4,830,347$1,159,283$410,579$3,260,484
21$5,071,864$1,217,247$431,108$3,423,508
22$5,325,457$1,278,110$452,664$3,594,684
23$5,591,730$1,342,015$475,297$3,774,418
24$5,871,317$1,409,116$499,062$3,963,139
25$6,164,883$1,479,572$524,015$4,161,296
26$6,473,127$1,553,550$550,216$4,369,361
27$6,796,783$1,631,228$577,727$4,587,829
28$7,136,622$1,712,789$606,613$4,817,220
29$7,493,453$1,798,429$636,944$5,058,081
30$7,868,126$1,888,350$668,791$5,310,985
Total$127,000,000$30,480,000$10,795,000$85,725,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.