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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, Aug 31, 2016
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$2,317,921$579,480$197,023$1,541,417
2$2,433,817$608,454$206,874$1,618,488
3$2,555,508$638,877$217,218$1,699,413
4$2,683,283$670,821$228,079$1,784,383
5$2,817,447$704,362$239,483$1,873,603
6$2,958,320$739,580$251,457$1,967,283
7$3,106,236$776,559$264,030$2,065,647
8$3,261,548$815,387$277,232$2,168,929
9$3,424,625$856,156$291,093$2,277,376
10$3,595,856$898,964$305,648$2,391,244
11$3,775,649$943,912$320,930$2,510,807
12$3,964,432$991,108$336,977$2,636,347
13$4,162,653$1,040,663$353,826$2,768,164
14$4,370,786$1,092,696$371,517$2,906,573
15$4,589,325$1,147,331$390,093$3,051,901
16$4,818,791$1,204,698$409,597$3,204,496
17$5,059,731$1,264,933$430,077$3,364,721
18$5,312,717$1,328,179$451,581$3,532,957
19$5,578,353$1,394,588$474,160$3,709,605
20$5,857,271$1,464,318$497,868$3,895,085
21$6,150,134$1,537,534$522,761$4,089,839
22$6,457,641$1,614,410$548,900$4,294,331
23$6,780,523$1,695,131$576,344$4,509,048
24$7,119,549$1,779,887$605,162$4,734,500
25$7,475,527$1,868,882$635,420$4,971,225
26$7,849,303$1,962,326$667,191$5,219,787
27$8,241,768$2,060,442$700,550$5,480,776
28$8,653,857$2,163,464$735,578$5,754,815
29$9,086,550$2,271,637$772,357$6,042,556
30$9,540,877$2,385,219$810,975$6,344,683
Total$154,000,000$38,500,000$13,090,000$102,410,000
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