USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jul 19, 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 $56,700,000 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, Jul 19, 2000
Jackpot:$56,700,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,010,967$330,015$108,679$572,273
2$1,051,405$344,977$113,026$593,402
3$1,093,461$360,538$117,547$615,376
4$1,137,200$376,721$122,249$638,230
5$1,182,688$393,552$127,139$661,997
6$1,229,995$411,056$132,225$686,715
7$1,279,195$429,260$137,513$712,422
8$1,330,363$448,192$143,014$739,157
9$1,383,578$467,881$148,735$766,962
10$1,438,921$488,358$154,684$795,879
11$1,496,478$509,654$160,871$825,952
12$1,556,337$531,802$167,306$857,229
13$1,618,590$554,836$173,998$889,756
14$1,683,334$578,791$180,958$923,585
15$1,750,667$603,704$188,197$958,766
16$1,820,694$629,614$195,725$995,355
17$1,893,522$656,560$203,554$1,033,408
18$1,969,262$684,584$211,696$1,072,982
19$2,048,033$713,729$220,164$1,114,140
20$2,129,954$744,040$228,970$1,156,944
21$2,215,152$775,564$238,129$1,201,460
22$2,303,758$808,348$247,654$1,247,757
23$2,395,909$842,444$257,560$1,295,905
24$2,491,745$877,903$267,863$1,345,980
25$2,591,415$914,781$278,577$1,398,057
26$2,695,072$953,134$289,720$1,452,218
27$2,802,874$993,021$301,309$1,508,545
28$2,914,989$1,034,503$313,361$1,567,125
29$3,031,589$1,077,645$325,896$1,628,048
30$3,152,853$1,122,513$338,932$1,691,408
Total$56,700,000$19,657,720$6,095,251$30,947,033

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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.