USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 10, 2023

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $308,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Sat, Jun 10, 2023
Jackpot:$308,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,635,842$1,678,217$498,353$2,459,272
2$4,867,634$1,763,980$523,271$2,580,384
3$5,111,016$1,854,031$549,434$2,707,551
4$5,366,567$1,948,585$576,906$2,841,076
5$5,634,895$2,047,866$605,751$2,981,278
6$5,916,640$2,152,112$636,039$3,128,489
7$6,212,472$2,261,570$667,841$3,283,062
8$6,523,095$2,376,500$701,233$3,445,362
9$6,849,250$2,497,178$736,294$3,615,778
10$7,191,713$2,623,889$773,109$3,794,715
11$7,551,298$2,756,935$811,765$3,982,598
12$7,928,863$2,896,634$852,353$4,179,876
13$8,325,306$3,043,318$894,970$4,387,017
14$8,741,572$3,197,336$939,719$4,604,516
15$9,178,650$3,359,056$986,705$4,832,890
16$9,637,583$3,528,861$1,036,040$5,072,682
17$10,119,462$3,707,156$1,087,842$5,324,464
18$10,625,435$3,894,366$1,142,234$5,588,835
19$11,156,706$4,090,936$1,199,346$5,866,424
20$11,714,542$4,297,336$1,259,313$6,157,893
21$12,300,269$4,514,054$1,322,279$6,463,936
22$12,915,282$4,741,609$1,388,393$6,785,280
23$13,561,047$4,980,542$1,457,813$7,122,692
24$14,239,099$5,231,422$1,530,703$7,476,974
25$14,951,054$5,494,845$1,607,238$7,848,971
26$15,698,607$5,771,439$1,687,600$8,239,567
27$16,483,537$6,061,864$1,771,980$8,649,693
28$17,307,714$6,366,809$1,860,579$9,080,325
29$18,173,099$6,687,002$1,953,608$9,532,489
30$19,081,754$7,023,204$2,051,289$10,007,262
Total$308,000,001$112,848,652$33,110,000$162,041,351

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.