USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jan 3, 2007

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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 $102,100,000 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, Jan 3, 2007
Jackpot:$102,100,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,820,453$629,525$195,699$995,230
2$1,893,271$656,468$203,527$1,033,277
3$1,969,002$684,488$211,668$1,072,846
4$2,047,762$713,629$220,134$1,113,998
5$2,129,673$743,936$228,940$1,156,797
6$2,214,860$775,455$238,097$1,201,307
7$2,303,454$808,235$247,621$1,247,597
8$2,395,592$842,326$257,526$1,295,740
9$2,491,416$877,781$267,827$1,345,808
10$2,591,072$914,654$278,540$1,397,878
11$2,694,715$953,002$289,682$1,452,032
12$2,802,504$992,884$301,269$1,508,351
13$2,914,604$1,034,361$313,320$1,566,923
14$3,031,188$1,077,497$325,853$1,627,839
15$3,152,436$1,122,358$338,887$1,691,190
16$3,278,533$1,169,015$352,442$1,757,076
17$3,409,675$1,217,537$366,540$1,825,598
18$3,546,062$1,268,000$381,202$1,896,860
19$3,687,904$1,320,482$396,450$1,970,973
20$3,835,420$1,375,063$412,308$2,048,050
21$3,988,837$1,431,827$428,800$2,128,210
22$4,148,390$1,490,862$445,952$2,211,577
23$4,314,326$1,552,258$463,790$2,298,278
24$4,486,899$1,616,110$482,342$2,388,448
25$4,666,375$1,682,516$501,635$2,482,224
26$4,853,030$1,751,578$521,701$2,579,751
27$5,047,151$1,823,403$542,569$2,681,179
28$5,249,037$1,898,101$564,272$2,786,665
29$5,458,999$1,975,787$586,842$2,896,370
30$5,677,359$2,056,580$610,316$3,010,463
Total$102,100,000$36,455,718$10,975,751$54,668,535

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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.