USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Dec 22, 2010

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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 $36,200,000 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, Dec 22, 2010
Jackpot:$36,200,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$645,450$194,774$69,386$381,290
2$671,268$204,326$72,161$394,780
3$698,118$214,261$75,048$408,810
4$726,043$224,593$78,050$423,400
5$755,085$235,339$81,172$438,575
6$785,288$246,514$84,418$454,356
7$816,700$258,136$87,795$470,768
8$849,368$270,223$91,307$487,837
9$883,342$282,794$94,959$505,589
10$918,676$295,867$98,758$524,051
11$955,423$309,464$102,708$543,251
12$993,640$323,604$106,816$563,220
13$1,033,386$338,310$111,089$583,987
14$1,074,721$353,604$115,533$605,584
15$1,117,710$369,510$120,154$628,046
16$1,162,418$386,052$124,960$651,406
17$1,208,915$403,256$129,958$675,701
18$1,257,272$421,148$135,157$700,967
19$1,307,562$439,755$140,563$727,244
20$1,359,865$459,107$146,185$754,572
21$1,414,260$479,233$152,033$782,993
22$1,470,830$500,164$158,114$812,551
23$1,529,663$521,933$164,439$843,292
24$1,590,850$544,572$171,016$875,262
25$1,654,484$568,116$177,857$908,510
26$1,720,663$592,603$184,971$943,089
27$1,789,489$618,068$192,370$979,051
28$1,861,069$644,553$200,065$1,016,451
29$1,935,512$672,097$208,068$1,055,348
30$2,012,932$700,742$216,390$1,095,800
Total$36,200,000$12,072,718$3,891,500$20,235,781

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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.