USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 6, 2013

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The tax information provided here is based on 2026 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 $70,000,000 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, Nov 6, 2013
Jackpot:$70,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,248,107$417,757$134,171$696,179
2$1,298,031$436,229$139,538$722,264
3$1,349,952$455,440$145,120$749,393
4$1,403,951$475,419$150,925$777,607
5$1,460,109$496,197$156,962$806,949
6$1,518,513$517,807$163,240$837,466
7$1,579,253$540,281$169,770$869,203
8$1,642,424$563,654$176,561$902,209
9$1,708,121$587,962$183,623$936,536
10$1,776,445$613,242$190,968$972,235
11$1,847,503$639,533$198,607$1,009,363
12$1,921,403$666,876$206,551$1,047,976
13$1,998,259$695,313$214,813$1,088,133
14$2,078,190$724,887$223,405$1,129,897
15$2,161,317$755,645$232,342$1,173,331
16$2,247,770$787,632$241,635$1,218,503
17$2,337,681$820,899$251,301$1,265,481
18$2,431,188$855,497$261,353$1,314,339
19$2,528,436$891,478$271,807$1,365,150
20$2,629,573$928,899$282,679$1,417,995
21$2,734,756$967,817$293,986$1,472,953
22$2,844,146$1,008,291$305,746$1,530,109
23$2,957,912$1,050,385$317,976$1,589,552
24$3,076,229$1,094,162$330,695$1,651,372
25$3,199,278$1,139,690$343,922$1,715,665
26$3,327,249$1,187,039$357,679$1,782,530
27$3,460,339$1,236,283$371,986$1,852,070
28$3,598,752$1,287,496$386,866$1,924,391
29$3,742,702$1,340,757$402,341$1,999,605
30$3,892,411$1,396,149$418,434$2,077,827
Total$70,000,000$24,578,716$7,525,002$37,896,283

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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.