USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Oct 9, 2002

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The tax information provided here is based on 2025 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 $36,400,000 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, Oct 9, 2002
Jackpot:$36,400,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$649,016$197,156$69,769$382,090
2$674,976$206,761$72,560$395,655
3$701,975$216,751$75,462$409,762
4$730,054$227,140$78,481$424,433
5$759,256$237,945$81,620$439,691
6$789,627$249,182$84,885$455,560
7$821,212$260,869$88,280$472,063
8$854,060$273,023$91,811$489,226
9$888,223$285,663$95,484$507,076
10$923,752$298,808$99,303$525,640
11$960,702$312,480$103,275$544,946
12$999,130$326,698$107,406$565,025
13$1,039,095$341,485$111,703$585,907
14$1,080,659$356,864$116,171$607,624
15$1,123,885$372,858$120,818$630,210
16$1,168,840$389,491$125,650$653,699
17$1,215,594$406,790$130,676$678,128
18$1,264,218$424,781$135,903$703,534
19$1,314,787$443,491$141,340$729,956
20$1,367,378$462,950$146,993$757,435
21$1,422,073$483,187$152,873$786,013
22$1,478,956$504,234$158,988$815,734
23$1,538,114$526,123$165,347$846,644
24$1,599,639$548,887$171,961$878,791
25$1,663,624$572,561$178,840$912,224
26$1,730,169$597,183$185,993$946,993
27$1,799,376$622,789$193,433$983,154
28$1,871,351$649,420$201,170$1,020,761
29$1,946,205$677,116$209,217$1,059,872
30$2,024,053$705,920$217,586$1,100,548
Total$36,400,000$12,178,606$3,912,998$20,308,394

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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.