USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Sep 21, 2005

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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 $109,600,000 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, Sep 21, 2005
Jackpot:$109,600,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,954,179$679,003$210,074$1,065,101
2$2,032,346$707,925$218,477$1,105,944
3$2,113,640$738,004$227,216$1,148,420
4$2,198,185$769,286$236,305$1,192,595
5$2,286,113$801,819$245,757$1,238,537
6$2,377,557$835,653$255,587$1,286,316
7$2,472,660$870,841$265,811$1,336,007
8$2,571,566$907,437$276,443$1,387,686
9$2,674,429$945,496$287,501$1,441,432
10$2,781,406$985,077$299,001$1,497,327
11$2,892,662$1,026,242$310,961$1,555,459
12$3,008,369$1,069,054$323,400$1,615,915
13$3,128,703$1,113,577$336,336$1,678,790
14$3,253,851$1,159,882$349,789$1,744,180
15$3,384,006$1,208,039$363,781$1,812,186
16$3,519,366$1,258,123$378,332$1,882,911
17$3,660,140$1,310,209$393,465$1,956,466
18$3,806,546$1,364,379$409,204$2,032,963
19$3,958,808$1,420,716$425,572$2,112,520
20$4,117,160$1,479,306$442,595$2,195,259
21$4,281,847$1,540,240$460,299$2,281,308
22$4,453,120$1,603,612$478,710$2,370,798
23$4,631,245$1,669,518$497,859$2,463,868
24$4,816,495$1,738,060$517,773$2,560,661
25$5,009,155$1,809,345$538,484$2,661,326
26$5,209,521$1,883,480$560,024$2,766,017
27$5,417,902$1,960,581$582,424$2,874,896
28$5,634,618$2,040,766$605,721$2,988,131
29$5,860,003$2,124,158$629,950$3,105,894
30$6,094,403$2,210,886$655,148$3,228,368
Total$109,600,000$39,230,714$11,781,999$58,587,281

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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.