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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 $100,000,000 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, Jul 29, 2015
Jackpot:$100,000,000
Federal Tax:  25%
State Tax:8.50%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,783,010$445,752$151,556$1,185,702
2$1,854,330$463,583$157,618$1,233,130
3$1,928,504$482,126$163,923$1,282,455
4$2,005,644$501,411$170,480$1,333,753
5$2,085,869$521,467$177,299$1,387,103
6$2,169,304$542,326$184,391$1,442,587
7$2,256,076$564,019$191,766$1,500,291
8$2,346,319$586,580$199,437$1,560,302
9$2,440,172$610,043$207,415$1,622,715
10$2,537,779$634,445$215,711$1,687,623
11$2,639,290$659,823$224,340$1,755,128
12$2,744,862$686,215$233,313$1,825,333
13$2,854,656$713,664$242,646$1,898,346
14$2,968,843$742,211$252,352$1,974,280
15$3,087,596$771,899$262,446$2,053,252
16$3,211,100$802,775$272,944$2,135,382
17$3,339,544$834,886$283,861$2,220,797
18$3,473,126$868,281$295,216$2,309,629
19$3,612,051$903,013$307,024$2,402,014
20$3,756,533$939,133$319,305$2,498,094
21$3,906,794$976,699$332,078$2,598,018
22$4,063,066$1,015,767$345,361$2,701,939
23$4,225,589$1,056,397$359,175$2,810,016
24$4,394,612$1,098,653$373,542$2,922,417
25$4,570,397$1,142,599$388,484$3,039,314
26$4,753,213$1,188,303$404,023$3,160,886
27$4,943,341$1,235,835$420,184$3,287,322
28$5,141,075$1,285,269$436,991$3,418,815
29$5,346,718$1,336,679$454,471$3,555,567
30$5,560,586$1,390,147$472,650$3,697,790
Total$100,000,000$25,000,000$8,500,000$66,500,000
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