USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for May 22, 2013

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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 $40,000,000 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, May 22, 2013
Jackpot:$40,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$713,204$226,840$76,669$409,694
2$741,732$237,396$79,736$424,600
3$771,401$248,374$82,926$440,102
4$802,257$259,790$86,243$456,225
5$834,348$271,664$89,692$472,992
6$867,722$284,012$93,280$490,430
7$902,431$296,854$97,011$508,565
8$938,528$310,210$100,892$527,426
9$976,069$324,100$104,927$547,041
10$1,015,112$338,546$109,125$567,441
11$1,055,716$353,570$113,489$588,657
12$1,097,945$369,195$118,029$610,721
13$1,141,863$385,444$122,750$633,668
14$1,187,537$402,344$127,660$657,533
15$1,235,039$419,919$132,767$682,353
16$1,284,440$438,198$138,077$708,165
17$1,335,818$457,208$143,600$735,010
18$1,389,250$476,978$149,344$762,928
19$1,444,820$497,539$155,318$791,964
20$1,502,613$518,922$161,531$822,160
21$1,562,718$541,161$167,992$853,565
22$1,625,226$564,289$174,712$886,226
23$1,690,235$588,342$181,700$920,193
24$1,757,845$613,358$188,968$955,519
25$1,828,159$639,374$196,527$992,258
26$1,901,285$666,430$204,388$1,030,466
27$1,977,336$694,569$212,564$1,070,203
28$2,056,430$723,834$221,066$1,111,530
29$2,138,687$754,269$229,909$1,154,509
30$2,224,235$785,922$239,105$1,199,208
Total$40,000,000$13,688,651$4,299,997$22,011,352

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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.