USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Sep 8, 2010

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The tax information provided here is based on 2025 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 $63,700,000 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, Sep 8, 2010
Jackpot:$63,700,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,135,777$377,258$122,096$636,423
2$1,181,208$394,067$126,980$660,161
3$1,228,457$411,549$132,059$684,848
4$1,277,595$429,730$137,341$710,523
5$1,328,699$448,639$142,835$737,225
6$1,381,847$468,304$148,549$764,995
7$1,437,121$488,755$154,490$793,875
8$1,494,605$510,024$160,670$823,911
9$1,554,390$532,144$167,097$855,148
10$1,616,565$555,149$173,781$887,635
11$1,681,228$579,075$180,732$921,421
12$1,748,477$603,957$187,961$956,559
13$1,818,416$629,834$195,480$993,102
14$1,891,153$656,747$203,299$1,031,107
15$1,966,799$684,736$211,431$1,070,632
16$2,045,471$713,844$219,888$1,111,738
17$2,127,290$744,117$228,684$1,154,489
18$2,212,381$775,601$237,831$1,198,949
19$2,300,876$808,345$247,344$1,245,188
20$2,392,911$842,398$257,238$1,293,276
21$2,488,628$877,813$267,528$1,343,288
22$2,588,173$914,644$278,229$1,395,300
23$2,691,700$952,949$289,358$1,449,393
24$2,799,368$992,786$300,932$1,505,650
25$2,911,343$1,034,217$312,969$1,564,156
26$3,027,796$1,077,305$325,488$1,625,003
27$3,148,908$1,122,116$338,508$1,688,284
28$3,274,865$1,168,720$352,048$1,754,097
29$3,405,859$1,217,188$366,130$1,822,541
30$3,542,094$1,267,595$380,775$1,893,724
Total$63,700,000$22,279,606$6,847,751$34,572,641

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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.