USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$114,812$599,854
2$1,110,744$369,163$119,405$622,176
3$1,155,174$385,602$124,181$645,390
4$1,201,381$402,699$129,148$669,534
5$1,249,436$420,479$134,314$694,642
6$1,299,413$438,971$139,687$720,756
7$1,351,390$458,202$145,274$747,913
8$1,405,445$478,203$151,085$776,157
9$1,461,663$499,003$157,129$805,531
10$1,520,130$520,636$163,414$836,080
11$1,580,935$543,134$169,950$867,851
12$1,644,172$566,531$176,749$900,892
13$1,709,939$590,865$183,818$935,255
14$1,778,337$616,172$191,171$970,993
15$1,849,470$642,492$198,818$1,008,160
16$1,923,449$669,864$206,771$1,046,814
17$2,000,387$698,331$215,042$1,087,014
18$2,080,402$727,937$223,643$1,128,823
19$2,163,619$758,727$232,589$1,172,303
20$2,250,163$790,748$241,893$1,217,523
21$2,340,170$824,051$251,568$1,264,551
22$2,433,777$858,685$261,631$1,313,461
23$2,531,128$894,705$272,096$1,364,326
24$2,632,373$932,166$282,980$1,417,227
25$2,737,668$971,125$294,299$1,472,244
26$2,847,174$1,011,642$306,071$1,529,461
27$2,961,061$1,053,780$318,314$1,588,967
28$3,079,504$1,097,604$331,047$1,650,853
29$3,202,684$1,143,181$344,289$1,715,215
30$3,330,791$1,190,581$358,060$1,782,151
Total$59,900,000$20,908,635$6,439,248$32,552,117

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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.