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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 $154,000,000 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:  Wed, May 27, 2015
Jackpot:$154,000,000
Federal Tax:  25%
State Tax:8.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,745,835$686,459$233,396$1,825,980
2$2,855,669$713,917$242,732$1,899,020
3$2,969,895$742,474$252,441$1,974,980
4$3,088,691$772,173$262,539$2,053,980
5$3,212,239$803,060$273,040$2,136,139
6$3,340,728$835,182$283,962$2,221,584
7$3,474,358$868,589$295,320$2,310,448
8$3,613,332$903,333$307,133$2,402,866
9$3,757,865$939,466$319,419$2,498,980
10$3,908,180$977,045$332,195$2,598,940
11$4,064,507$1,016,127$345,483$2,702,897
12$4,227,087$1,056,772$359,302$2,811,013
13$4,396,171$1,099,043$373,675$2,923,454
14$4,572,018$1,143,004$388,621$3,040,392
15$4,754,898$1,188,725$404,166$3,162,007
16$4,945,094$1,236,274$420,333$3,288,488
17$5,142,898$1,285,724$437,146$3,420,027
18$5,348,614$1,337,153$454,632$3,556,828
19$5,562,558$1,390,640$472,817$3,699,101
20$5,785,061$1,446,265$491,730$3,847,065
21$6,016,463$1,504,116$511,399$4,000,948
22$6,257,122$1,564,280$531,855$4,160,986
23$6,507,407$1,626,852$553,130$4,327,425
24$6,767,703$1,691,926$575,255$4,500,522
25$7,038,411$1,759,603$598,265$4,680,543
26$7,319,947$1,829,987$622,196$4,867,765
27$7,612,745$1,903,186$647,083$5,062,476
28$7,917,255$1,979,314$672,967$5,264,975
29$8,233,945$2,058,486$699,885$5,475,574
30$8,563,303$2,140,826$727,881$5,694,597
Total$154,000,000$38,500,000$13,090,000$102,410,000
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