USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Apr 23, 2008

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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 $126,400,000 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, Apr 23, 2008
Jackpot:$126,400,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,253,725$792,066$242,275$1,219,383
2$2,343,874$825,421$251,966$1,266,486
3$2,437,628$860,110$262,045$1,315,473
4$2,535,134$896,187$272,527$1,366,420
5$2,636,539$933,707$283,428$1,419,404
6$2,742,000$972,728$294,765$1,474,508
7$2,851,681$1,013,310$306,556$1,531,815
8$2,965,748$1,055,514$318,818$1,591,415
9$3,084,378$1,099,407$331,571$1,653,400
10$3,207,753$1,145,056$344,833$1,717,863
11$3,336,063$1,192,531$358,627$1,784,905
12$3,469,505$1,241,905$372,972$1,854,629
13$3,608,286$1,293,253$387,891$1,927,141
14$3,752,617$1,346,656$403,406$2,002,555
15$3,902,722$1,402,195$419,543$2,080,984
16$4,058,831$1,459,955$436,324$2,162,551
17$4,221,184$1,520,026$453,777$2,247,381
18$4,390,031$1,582,499$471,928$2,335,604
19$4,565,632$1,647,472$490,805$2,427,355
20$4,748,258$1,715,043$510,438$2,522,777
21$4,938,188$1,785,317$530,855$2,622,015
22$5,135,715$1,858,402$552,089$2,725,224
23$5,341,144$1,934,411$574,173$2,832,560
24$5,554,790$2,013,460$597,140$2,944,190
25$5,776,981$2,095,671$621,026$3,060,285
26$6,008,061$2,181,170$645,867$3,181,024
27$6,248,383$2,270,090$671,701$3,306,592
28$6,498,318$2,362,566$698,569$3,437,184
29$6,758,251$2,458,741$726,512$3,572,999
30$7,028,581$2,558,763$755,572$3,714,246
Total$126,400,000$45,513,632$13,587,999$67,298,368

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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.