USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jan 31, 2009

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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 $43,100,000 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:Sat, Jan 31, 2009
Jackpot:$43,100,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$768,477$240,294$82,611$445,572
2$799,216$251,667$85,916$461,633
3$831,185$263,496$89,352$478,337
4$864,432$275,797$92,926$495,709
5$899,010$288,591$96,644$513,775
6$934,970$301,896$100,509$532,565
7$972,369$315,734$104,530$552,106
8$1,011,264$330,125$108,711$572,428
9$1,051,714$345,092$113,059$593,563
10$1,093,783$360,657$117,582$615,544
11$1,137,534$376,845$122,285$638,404
12$1,183,035$393,680$127,176$662,179
13$1,230,357$411,189$132,263$686,904
14$1,279,571$429,399$137,554$712,619
15$1,330,754$448,336$143,056$739,362
16$1,383,984$468,031$148,778$767,174
17$1,439,344$488,514$154,729$796,100
18$1,496,917$509,817$160,919$826,182
19$1,556,794$531,971$167,355$857,468
20$1,619,066$555,012$174,050$890,005
21$1,683,828$578,974$181,012$923,843
22$1,751,181$603,894$188,252$959,035
23$1,821,229$629,812$195,782$995,635
24$1,894,078$656,766$203,613$1,033,698
25$1,969,841$684,798$211,758$1,073,285
26$2,048,635$713,952$220,228$1,114,454
27$2,130,580$744,272$229,037$1,157,271
28$2,215,803$775,804$238,199$1,201,800
29$2,304,435$808,598$247,727$1,248,110
30$2,396,613$842,704$257,636$1,296,273
Total$43,100,000$14,625,717$4,633,249$23,841,033

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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.