USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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:Wed, May 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$610,645$189,565$963,187
2$1,833,933$636,743$197,148$1,000,042
3$1,907,290$663,885$205,034$1,038,371
4$1,983,582$692,113$213,235$1,078,234
5$2,062,925$721,470$221,764$1,119,690
6$2,145,442$752,001$230,635$1,162,806
7$2,231,260$783,754$239,860$1,207,645
8$2,320,510$816,776$249,455$1,254,279
9$2,413,330$851,120$259,433$1,302,777
10$2,509,864$886,837$269,810$1,353,216
11$2,610,258$923,983$280,603$1,405,672
12$2,714,668$962,615$291,827$1,460,226
13$2,823,255$1,002,792$303,500$1,516,963
14$2,936,185$1,044,576$315,640$1,575,969
15$3,053,633$1,088,032$328,266$1,637,335
16$3,175,778$1,133,226$341,396$1,701,156
17$3,302,809$1,180,227$355,052$1,767,530
18$3,434,922$1,229,109$369,254$1,836,559
19$3,572,318$1,279,946$384,024$1,908,349
20$3,715,211$1,332,816$399,385$1,983,010
21$3,863,820$1,387,801$415,361$2,060,658
22$4,018,372$1,444,986$431,975$2,141,412
23$4,179,107$1,504,457$449,254$2,225,396
24$4,346,272$1,566,308$467,224$2,312,739
25$4,520,122$1,630,633$485,913$2,403,576
26$4,700,927$1,697,531$505,350$2,498,047
27$4,888,964$1,767,105$525,564$2,596,296
28$5,084,523$1,839,461$546,586$2,698,475
29$5,287,904$1,914,712$568,450$2,804,742
30$5,499,420$1,992,973$591,188$2,915,259
Total$98,900,000$35,338,633$10,631,751$52,929,616

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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.