USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Feb 6, 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 $747,000,000 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:Mon, Feb 6, 2023
Jackpot:$747,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,243,422$4,123,021$1,208,668$5,911,733
2$11,805,593$4,331,024$1,269,101$6,205,467
3$12,395,873$4,549,428$1,332,556$6,513,888
4$13,015,667$4,778,752$1,399,184$6,837,731
5$13,666,449$5,019,541$1,469,143$7,177,765
6$14,349,772$5,272,371$1,542,601$7,534,801
7$15,067,261$5,537,842$1,619,731$7,909,689
8$15,820,624$5,816,586$1,700,717$8,303,321
9$16,611,655$6,109,267$1,785,753$8,716,635
10$17,442,238$6,416,583$1,875,041$9,150,614
11$18,314,350$6,739,264$1,968,793$9,606,293
12$19,230,067$7,078,080$2,067,232$10,084,755
13$20,191,571$7,433,836$2,170,594$10,587,141
14$21,201,149$7,807,380$2,279,124$11,114,646
15$22,261,207$8,199,601$2,393,080$11,668,525
16$23,374,267$8,611,434$2,512,734$12,250,100
17$24,542,980$9,043,858$2,638,370$12,860,752
18$25,770,129$9,497,903$2,770,289$13,501,938
19$27,058,636$9,974,650$2,908,803$14,175,182
20$28,411,568$10,475,235$3,054,244$14,882,089
21$29,832,146$11,000,849$3,206,956$15,624,341
22$31,323,753$11,552,744$3,367,303$16,403,706
23$32,889,941$12,132,233$3,535,669$17,222,039
24$34,534,437$12,740,697$3,712,452$18,081,289
25$36,261,159$13,379,584$3,898,075$18,983,501
26$38,074,218$14,050,416$4,092,978$19,930,824
27$39,977,929$14,754,789$4,297,627$20,925,513
28$41,976,825$15,494,380$4,512,509$21,969,936
29$44,075,666$16,270,951$4,738,134$23,066,581
30$46,279,450$17,086,351$4,975,041$24,218,057
Total$747,000,001$275,278,650$80,302,502$391,418,852

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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.