USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 7, 2020

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The tax information provided here is based on 2021 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 $146,600,000 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 prize money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Sat, Nov 7, 2020
Jackpot:$146,600,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,206,540$780,492$197,485$1,228,563
2$2,316,867$821,313$207,360$1,288,195
3$2,432,711$864,175$217,728$1,350,808
4$2,554,346$909,180$228,614$1,416,552
5$2,682,064$956,436$240,045$1,485,583
6$2,816,167$1,006,054$252,047$1,558,066
7$2,956,975$1,058,153$264,649$1,634,173
8$3,104,824$1,112,857$277,882$1,714,085
9$3,260,065$1,170,296$291,776$1,797,993
10$3,423,068$1,230,608$306,365$1,886,096
11$3,594,222$1,293,934$321,683$1,978,605
12$3,773,933$1,360,427$337,767$2,075,738
13$3,962,630$1,430,245$354,655$2,177,729
14$4,160,761$1,503,554$372,388$2,284,819
15$4,368,799$1,580,528$391,008$2,397,264
16$4,587,239$1,661,351$410,558$2,515,330
17$4,816,601$1,746,215$431,086$2,639,301
18$5,057,431$1,835,322$452,640$2,769,469
19$5,310,303$1,928,884$475,272$2,906,146
20$5,575,818$2,027,125$499,036$3,049,657
21$5,854,609$2,130,277$523,987$3,200,344
22$6,147,339$2,238,588$550,187$3,358,564
23$6,454,706$2,352,313$577,696$3,524,696
24$6,777,441$2,471,725$606,581$3,699,135
25$7,116,313$2,597,108$636,910$3,882,295
26$7,472,129$2,728,760$668,756$4,074,613
27$7,845,735$2,866,994$702,193$4,276,548
28$8,238,022$3,012,140$737,303$4,488,579
29$8,649,923$3,164,544$774,168$4,711,211
30$9,082,419$3,324,567$812,877$4,944,975
Total$146,600,000$53,164,165$13,120,702$80,315,132

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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.