USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Apr 18, 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 $32,100,000 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, Apr 18, 2009
Jackpot:$32,100,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$572,346$169,090$61,527$341,729
2$595,240$177,103$63,988$354,148
3$619,050$185,437$66,548$367,065
4$643,812$194,168$69,210$380,434
5$669,564$203,696$71,978$393,890
6$696,347$213,606$74,857$407,884
7$724,201$223,911$77,852$422,438
8$753,169$234,630$80,966$437,573
9$783,295$245,777$84,204$453,315
10$814,627$257,369$87,572$469,685
11$847,212$269,426$91,075$486,711
12$881,101$281,964$94,718$504,418
13$916,345$295,005$98,507$522,833
14$952,998$308,567$102,447$541,984
15$991,118$322,671$106,545$561,902
16$1,030,763$337,340$110,807$582,616
17$1,071,994$352,595$115,239$604,159
18$1,114,873$368,460$119,849$626,564
19$1,159,468$384,961$124,643$649,865
20$1,205,847$402,121$129,629$674,098
21$1,254,081$419,967$134,814$699,300
22$1,304,244$438,528$140,206$725,510
23$1,356,414$457,830$145,815$752,769
24$1,410,671$477,905$151,647$781,118
25$1,467,097$498,783$157,713$810,601
26$1,525,781$520,496$164,021$841,263
27$1,586,812$543,078$170,582$873,152
28$1,650,285$566,563$177,406$906,317
29$1,716,296$590,987$184,502$940,808
30$1,784,948$616,388$191,882$976,678
Total$32,100,000$10,558,422$3,450,749$18,090,827

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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.