USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$344,437$1,711,171
2$3,332,232$1,195,881$358,215$1,778,136
3$3,465,521$1,245,198$372,543$1,847,780
4$3,604,142$1,296,487$387,445$1,920,209
5$3,748,307$1,349,829$402,943$1,995,536
6$3,898,240$1,405,304$419,061$2,073,875
7$4,054,169$1,462,998$435,823$2,155,348
8$4,216,336$1,522,999$453,256$2,240,081
9$4,384,989$1,585,401$471,386$2,328,202
10$4,560,389$1,650,299$490,242$2,419,848
11$4,742,805$1,717,793$509,851$2,515,160
12$4,932,517$1,787,986$530,246$2,614,285
13$5,129,817$1,860,987$551,455$2,717,375
14$5,335,010$1,936,909$573,514$2,824,588
15$5,548,411$2,015,867$596,454$2,936,089
16$5,770,347$2,097,983$620,312$3,052,051
17$6,001,161$2,183,384$645,125$3,172,652
18$6,241,207$2,272,202$670,930$3,298,076
19$6,490,856$2,364,572$697,767$3,428,517
20$6,750,490$2,460,636$725,678$3,564,176
21$7,020,509$2,560,543$754,705$3,705,261
22$7,301,330$2,664,447$784,893$3,851,990
23$7,593,383$2,772,507$816,289$4,004,588
24$7,897,118$2,884,889$848,940$4,163,289
25$8,213,003$3,001,766$882,898$4,328,339
26$8,541,523$3,123,319$918,214$4,499,991
27$8,883,184$3,249,733$954,942$4,678,509
28$9,238,511$3,381,204$993,140$4,864,167
29$9,608,052$3,517,934$1,032,866$5,057,252
30$9,992,374$3,660,133$1,074,180$5,258,060
Total$179,700,000$65,377,650$19,317,750$95,004,601

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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.