USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for May 20, 2000

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The tax information provided here is based on 2026 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 $46,800,000 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, May 20, 2000
Jackpot:$46,800,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$834,449$264,703$89,703$480,042
2$867,827$277,053$93,291$497,482
3$902,540$289,897$97,023$515,620
4$938,641$303,255$100,904$534,483
5$976,187$317,146$104,940$554,100
6$1,015,234$331,594$109,138$574,503
7$1,055,844$346,619$113,503$595,721
8$1,098,077$362,246$118,043$617,788
9$1,142,001$378,497$122,765$640,738
10$1,187,681$395,399$127,676$664,606
11$1,235,188$412,977$132,783$689,428
12$1,284,595$431,258$138,094$715,244
13$1,335,979$450,270$143,618$742,092
14$1,389,418$470,042$149,362$770,014
15$1,444,995$490,605$155,337$799,053
16$1,502,795$511,991$161,550$829,253
17$1,562,907$534,233$168,012$860,661
18$1,625,423$557,364$174,733$893,326
19$1,690,440$581,420$181,722$927,298
20$1,758,057$606,438$188,991$962,628
21$1,828,380$632,458$196,551$999,371
22$1,901,515$659,518$204,413$1,037,584
23$1,977,576$687,660$212,589$1,077,326
24$2,056,679$716,928$221,093$1,118,657
25$2,138,946$747,367$229,937$1,161,642
26$2,224,503$779,024$239,134$1,206,346
27$2,313,484$811,946$248,699$1,252,838
28$2,406,023$846,186$258,647$1,301,190
29$2,502,264$881,795$268,993$1,351,476
30$2,602,354$918,828$279,753$1,403,773
Total$46,800,000$15,994,717$5,030,997$25,774,283

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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.