USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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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 $285,600,000 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, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$384,733$2,359,370
2$4,513,624$1,634,113$403,969$2,475,542
3$4,739,306$1,717,615$424,168$2,597,522
4$4,976,271$1,805,293$445,376$2,725,602
5$5,225,084$1,897,353$467,645$2,860,086
6$5,486,339$1,994,018$491,027$3,001,294
7$5,760,656$2,095,515$515,579$3,149,562
8$6,048,688$2,202,087$541,358$3,305,244
9$6,351,123$2,313,988$568,425$3,468,710
10$6,668,679$2,431,483$596,847$3,640,349
11$7,002,113$2,554,854$626,689$3,820,570
12$7,352,219$2,684,393$658,024$4,009,802
13$7,719,829$2,820,409$690,925$4,208,496
14$8,105,821$2,963,226$725,471$4,417,124
15$8,511,112$3,113,184$761,745$4,636,184
16$8,936,668$3,270,639$799,832$4,866,197
17$9,383,501$3,435,968$839,823$5,107,710
18$9,852,676$3,609,562$881,814$5,361,299
19$10,345,310$3,791,837$925,905$5,627,568
20$10,862,575$3,983,225$972,200$5,907,150
21$11,405,704$4,184,183$1,020,810$6,200,711
22$11,975,989$4,395,188$1,071,851$6,508,950
23$12,574,789$4,616,744$1,125,444$6,832,601
24$13,203,528$4,849,378$1,181,716$7,172,435
25$13,863,704$5,093,643$1,240,802$7,529,260
26$14,556,890$5,350,121$1,302,842$7,903,927
27$15,284,734$5,619,424$1,367,984$8,297,327
28$16,048,971$5,902,191$1,436,383$8,710,396
29$16,851,419$6,199,097$1,508,202$9,144,120
30$17,693,990$6,510,849$1,583,612$9,599,530
Total$285,600,001$104,594,167$25,561,201$155,444,638

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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.