USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for May 25, 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 $144,200,000 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, May 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$909,495$276,393$1,385,212
2$2,673,944$947,547$287,449$1,438,948
3$2,780,902$987,122$298,947$1,494,834
4$2,892,138$1,028,279$310,905$1,552,954
5$3,007,824$1,071,083$323,341$1,613,400
6$3,128,137$1,115,598$336,275$1,676,264
7$3,253,262$1,161,895$349,726$1,741,642
8$3,383,393$1,210,043$363,715$1,809,635
9$3,518,728$1,260,117$378,263$1,880,348
10$3,659,477$1,312,194$393,394$1,953,889
11$3,805,857$1,366,355$409,130$2,030,372
12$3,958,091$1,422,681$425,495$2,109,915
13$4,116,414$1,481,261$442,515$2,192,639
14$4,281,071$1,542,184$460,215$2,278,672
15$4,452,314$1,605,544$478,624$2,368,146
16$4,630,406$1,671,438$497,769$2,461,200
17$4,815,623$1,739,968$517,679$2,557,975
18$5,008,248$1,811,239$538,387$2,658,622
19$5,208,577$1,885,361$559,922$2,763,294
20$5,416,921$1,962,448$582,319$2,872,153
21$5,633,597$2,042,619$605,612$2,985,367
22$5,858,941$2,125,996$629,836$3,103,109
23$6,093,299$2,212,708$655,030$3,225,561
24$6,337,031$2,302,889$681,231$3,352,911
25$6,590,512$2,396,677$708,480$3,485,355
26$6,854,133$2,494,217$736,819$3,623,097
27$7,128,298$2,595,658$766,292$3,766,348
28$7,413,430$2,701,157$796,944$3,915,329
29$7,709,967$2,810,876$828,821$4,070,270
30$8,018,366$2,924,983$861,974$4,231,408
Total$144,200,000$52,099,632$15,501,502$76,598,869

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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.