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 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 $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$378,425$122,096$635,256
2$1,181,208$395,235$126,980$658,994
3$1,228,457$412,717$132,059$683,681
4$1,277,595$430,898$137,341$709,356
5$1,328,699$449,806$142,835$736,057
6$1,381,847$469,471$148,549$763,827
7$1,437,121$489,922$154,490$792,708
8$1,494,605$511,192$160,670$822,744
9$1,554,390$533,312$167,097$853,981
10$1,616,565$556,317$173,781$886,468
11$1,681,228$580,242$180,732$920,254
12$1,748,477$605,124$187,961$955,391
13$1,818,416$631,002$195,480$991,935
14$1,891,153$657,914$203,299$1,029,940
15$1,966,799$685,903$211,431$1,069,465
16$2,045,471$715,012$219,888$1,110,571
17$2,127,290$745,285$228,684$1,153,321
18$2,212,381$776,769$237,831$1,197,781
19$2,300,876$809,512$247,344$1,244,020
20$2,392,911$843,565$257,238$1,292,109
21$2,488,628$878,980$267,528$1,342,120
22$2,588,173$915,812$278,229$1,394,133
23$2,691,700$954,117$289,358$1,448,226
24$2,799,368$993,954$300,932$1,504,482
25$2,911,343$1,035,385$312,969$1,562,989
26$3,027,796$1,078,472$325,488$1,623,836
27$3,148,908$1,123,284$338,508$1,687,117
28$3,274,865$1,169,888$352,048$1,752,929
29$3,405,859$1,218,356$366,130$1,821,374
30$3,542,094$1,268,762$380,775$1,892,556
Total$63,700,000$22,314,633$6,847,751$34,537,621

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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.