USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Aug 14, 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 $32,000,000 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, Aug 14, 2002
Jackpot:$32,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$570,563$169,244$61,336$339,983
2$593,386$177,232$63,789$352,364
3$617,121$185,540$66,341$365,241
4$641,806$194,488$68,994$378,323
5$667,478$203,987$71,754$391,737
6$694,177$213,866$74,624$405,687
7$721,944$224,140$77,609$420,196
8$750,822$234,824$80,713$435,284
9$780,855$245,937$83,942$450,977
10$812,089$257,493$87,300$467,296
11$844,573$269,512$90,792$484,269
12$878,356$282,012$94,423$501,921
13$913,490$295,012$98,200$520,278
14$950,030$308,531$102,128$539,370
15$988,031$322,592$106,213$559,226
16$1,027,552$337,215$110,462$579,876
17$1,068,654$352,422$114,880$601,352
18$1,111,400$368,238$119,476$623,686
19$1,155,856$384,687$124,255$646,915
20$1,202,091$401,794$129,225$671,072
21$1,250,174$419,585$134,394$696,196
22$1,300,181$438,087$139,769$722,324
23$1,352,188$457,330$145,360$749,498
24$1,406,276$477,342$151,175$777,759
25$1,462,527$498,155$157,222$807,150
26$1,521,028$519,801$163,511$837,717
27$1,581,869$542,312$170,051$869,506
28$1,645,144$565,724$176,853$902,567
29$1,710,950$590,072$183,927$936,951
30$1,779,388$615,394$191,284$972,710
Total$32,000,000$10,552,568$3,440,002$18,007,431

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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.