USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

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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 $87,200,000 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, Oct 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$167,139$854,187
2$1,616,976$556,469$173,825$886,682
3$1,681,655$580,400$180,778$920,477
4$1,748,921$605,289$188,009$955,624
5$1,818,878$631,173$195,529$992,176
6$1,891,633$658,092$203,351$1,030,191
7$1,967,299$686,088$211,485$1,069,726
8$2,045,991$715,204$219,944$1,110,842
9$2,127,830$745,485$228,742$1,153,604
10$2,212,943$776,977$237,891$1,198,075
11$2,301,461$809,728$247,407$1,244,326
12$2,393,520$843,790$257,303$1,292,426
13$2,489,260$879,214$267,595$1,342,451
14$2,588,831$916,055$278,299$1,394,476
15$2,692,384$954,370$289,431$1,448,583
16$2,800,079$994,217$301,009$1,504,854
17$2,912,082$1,035,658$313,049$1,563,375
18$3,028,566$1,078,757$325,571$1,624,238
19$3,149,708$1,123,580$338,594$1,687,535
20$3,275,697$1,170,196$352,137$1,753,364
21$3,406,725$1,218,676$366,223$1,821,826
22$3,542,994$1,269,095$380,872$1,893,026
23$3,684,713$1,321,532$396,107$1,967,075
24$3,832,102$1,376,065$411,951$2,044,085
25$3,985,386$1,432,781$428,429$2,124,176
26$4,144,801$1,491,764$445,566$2,207,471
27$4,310,593$1,553,107$463,389$2,294,097
28$4,483,017$1,616,904$481,924$2,384,189
29$4,662,338$1,683,253$501,201$2,477,884
30$4,848,831$1,752,255$521,249$2,575,327
Total$87,200,000$31,009,632$9,373,999$46,816,368

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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.