USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for May 22, 2002

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $12,000,000 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:Wed, May 22, 2002
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$213,961$46,154$23,001$144,806
2$222,520$48,893$23,921$149,706
3$231,420$51,741$24,878$154,802
4$240,677$54,703$25,873$160,101
5$250,304$57,981$26,908$165,415
6$260,317$61,486$27,984$170,847
7$270,729$65,130$29,103$176,496
8$281,558$68,920$30,268$182,371
9$292,821$72,862$31,478$188,480
10$304,533$76,961$32,737$194,835
11$316,715$81,225$34,047$201,443
12$329,383$85,659$35,409$208,316
13$342,559$90,270$36,825$215,463
14$356,261$95,066$38,298$222,897
15$370,512$100,054$39,830$230,628
16$385,332$105,241$41,423$238,668
17$400,745$110,636$43,080$247,030
18$416,775$116,246$44,803$255,726
19$433,446$122,081$46,595$264,770
20$450,784$128,149$48,459$274,176
21$468,815$134,460$50,398$283,958
22$487,568$141,024$52,414$294,131
23$507,071$147,849$54,510$304,711
24$527,353$154,948$56,690$315,715
25$548,448$162,331$58,958$327,158
26$570,386$170,010$61,316$339,059
27$593,201$177,995$63,769$351,437
28$616,929$186,451$66,320$364,158
29$641,606$195,582$68,973$377,051
30$667,270$205,078$71,732$390,461
Total$12,000,000$3,315,186$1,290,000$7,394,815

◄ Back to Jackpot Analysis

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.