USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Dec 24, 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 $128,800,000 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 24, 2011
Jackpot:$128,800,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,296,517$807,899$246,876$1,241,742
2$2,388,377$841,887$256,751$1,289,739
3$2,483,913$877,235$267,021$1,339,657
4$2,583,269$913,997$277,701$1,391,570
5$2,686,600$952,230$288,809$1,445,561
6$2,794,064$991,991$300,362$1,501,711
7$2,905,826$1,033,343$312,376$1,560,107
8$3,022,059$1,076,350$324,871$1,620,838
9$3,142,942$1,121,076$337,866$1,683,999
10$3,268,659$1,167,592$351,381$1,749,687
11$3,399,406$1,215,968$365,436$1,818,002
12$3,535,382$1,266,279$380,054$1,889,049
13$3,676,797$1,318,603$395,256$1,962,939
14$3,823,869$1,373,019$411,066$2,039,784
15$3,976,824$1,429,613$427,509$2,119,703
16$4,135,897$1,488,470$444,609$2,202,818
17$4,301,333$1,549,681$462,393$2,289,259
18$4,473,386$1,613,341$480,889$2,379,157
19$4,652,322$1,679,547$500,125$2,472,650
20$4,838,414$1,748,401$520,130$2,569,884
21$5,031,951$1,820,010$540,935$2,671,007
22$5,233,229$1,894,483$562,572$2,776,174
23$5,442,558$1,971,934$585,075$2,885,549
24$5,660,261$2,052,484$608,478$2,999,298
25$5,886,671$2,136,256$632,817$3,117,598
26$6,122,138$2,223,379$658,130$3,240,629
27$6,367,023$2,313,986$684,455$3,368,582
28$6,621,704$2,408,218$711,833$3,501,653
29$6,886,572$2,506,220$740,307$3,640,046
30$7,162,035$2,608,141$769,919$3,783,976
Total$128,800,000$46,401,633$13,846,002$68,552,368

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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.