USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 29, 2011

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The tax information provided here is based on 2025 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$465,659$147,780$761,261
2$1,429,689$486,005$153,692$789,992
3$1,486,876$507,164$159,839$819,873
4$1,546,351$529,170$166,233$850,948
5$1,608,205$552,056$172,882$883,267
6$1,672,534$575,858$179,797$916,879
7$1,739,435$600,611$186,989$951,834
8$1,809,012$626,355$194,469$988,189
9$1,881,373$653,128$202,248$1,025,997
10$1,956,628$680,972$210,337$1,065,318
11$2,034,893$709,931$218,751$1,106,211
12$2,116,288$740,047$227,501$1,148,740
13$2,200,940$771,368$236,601$1,192,971
14$2,288,978$803,942$246,065$1,238,971
15$2,380,537$837,819$255,908$1,286,810
16$2,475,758$873,051$266,144$1,336,563
17$2,574,789$909,692$276,790$1,388,307
18$2,677,780$947,799$287,861$1,442,120
19$2,784,891$987,430$299,376$1,498,085
20$2,896,287$1,028,646$311,351$1,556,290
21$3,012,138$1,071,511$323,805$1,616,822
22$3,132,624$1,116,091$336,757$1,679,776
23$3,257,929$1,162,454$350,227$1,745,248
24$3,388,246$1,210,671$364,236$1,813,338
25$3,523,776$1,260,817$378,806$1,884,153
26$3,664,727$1,312,969$393,958$1,957,800
27$3,811,316$1,367,207$409,716$2,034,392
28$3,963,769$1,423,615$426,105$2,114,049
29$4,122,319$1,482,278$443,149$2,196,892
30$4,287,212$1,543,289$460,875$2,283,048
Total$77,100,000$27,237,605$8,288,248$41,574,144

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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.