USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Sep 27, 1997

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The tax information provided here is based on 2024 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 $8,000,000 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 money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Sat, Sep 27, 1997
Jackpot:$8,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$142,641$27,276$15,334$100,031
2$148,346$28,646$15,947$103,754
3$154,280$30,070$16,585$107,625
4$160,451$31,551$17,249$111,652
5$166,870$33,091$17,938$115,840
6$173,544$34,693$18,656$120,195
7$180,486$36,359$19,402$124,725
8$187,706$38,092$20,178$129,435
9$195,214$40,155$20,985$134,073
10$203,022$42,654$21,825$138,544
11$211,143$45,252$22,698$143,193
12$219,589$47,955$23,606$148,028
13$228,373$50,766$24,550$153,057
14$237,507$53,689$25,532$158,286
15$247,008$56,827$26,553$163,627
16$256,888$60,286$27,615$168,987
17$267,164$63,882$28,720$174,561
18$277,850$67,622$29,869$180,359
19$288,964$71,512$31,064$186,388
20$300,523$75,558$32,306$192,659
21$312,544$79,765$33,598$199,180
22$325,045$84,141$34,942$205,962
23$338,047$88,691$36,340$213,016
24$351,569$93,424$37,794$220,351
25$365,632$98,346$39,305$227,980
26$380,257$103,465$40,878$235,915
27$395,467$108,788$42,513$244,166
28$411,286$114,325$44,213$252,748
29$427,737$120,083$45,982$261,673
30$444,847$126,071$47,821$270,955
Total$8,000,000$1,953,035$859,998$5,186,965

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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.