USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 28, 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 $26,300,000 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:Wed, Jun 28, 2000
Jackpot:$26,300,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$468,932$132,895$50,410$285,626
2$487,689$139,460$52,427$295,802
3$507,196$146,288$54,524$306,385
4$527,484$153,389$56,705$317,391
5$548,584$160,774$58,973$328,837
6$570,527$168,454$61,332$340,742
7$593,348$176,441$63,785$353,122
8$617,082$184,748$66,336$365,998
9$641,765$193,410$68,990$379,365
10$667,436$202,909$71,749$392,778
11$694,133$212,787$74,619$406,727
12$721,899$223,060$77,604$421,235
13$750,775$233,744$80,708$436,322
14$780,806$244,855$83,937$452,014
15$812,038$256,411$87,294$468,333
16$844,519$268,429$90,786$485,304
17$878,300$280,928$94,417$502,955
18$913,432$293,927$98,194$521,311
19$949,969$307,446$102,122$540,402
20$987,968$321,505$106,207$560,256
21$1,027,487$336,127$110,455$580,905
22$1,068,586$351,334$114,873$602,379
23$1,111,330$367,149$119,468$624,713
24$1,155,783$383,597$124,247$647,939
25$1,202,014$400,703$129,217$672,095
26$1,250,095$418,492$134,385$697,217
27$1,300,099$436,994$139,761$723,344
28$1,352,103$456,235$145,351$750,516
29$1,406,187$476,246$151,165$778,775
30$1,462,434$497,058$157,212$808,165
Total$26,300,000$8,425,795$2,827,253$15,046,953

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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.