USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Dec 10, 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 $65,500,000 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, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$390,300$125,546$652,025
2$1,214,586$407,585$130,568$676,434
3$1,263,170$425,561$135,791$701,818
4$1,313,697$444,255$141,222$728,219
5$1,366,244$463,698$146,871$755,675
6$1,420,894$483,919$152,746$784,229
7$1,477,730$504,948$158,856$813,926
8$1,536,839$526,818$165,210$844,811
9$1,598,313$549,563$171,819$876,931
10$1,662,245$573,219$178,691$910,335
11$1,728,735$597,820$185,839$945,076
12$1,797,885$623,405$193,273$981,207
13$1,869,800$650,014$201,003$1,018,783
14$1,944,592$677,687$209,044$1,057,862
15$2,022,376$706,467$217,405$1,098,503
16$2,103,271$736,398$226,102$1,140,771
17$2,187,401$767,526$235,146$1,184,729
18$2,274,897$799,900$244,551$1,230,446
19$2,365,893$833,568$254,334$1,277,992
20$2,460,529$868,584$264,507$1,327,439
21$2,558,950$904,999$275,087$1,378,864
22$2,661,308$942,872$286,091$1,432,346
23$2,767,761$982,259$297,534$1,487,967
24$2,878,471$1,023,222$309,436$1,545,813
25$2,993,610$1,065,823$321,813$1,605,973
26$3,113,354$1,110,129$334,686$1,668,540
27$3,237,888$1,156,206$348,073$1,733,609
28$3,367,404$1,204,127$361,996$1,801,281
29$3,502,100$1,253,965$376,476$1,871,660
30$3,642,184$1,305,796$391,535$1,944,853
Total$65,500,000$22,980,633$7,041,251$35,478,117

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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.