USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Sep 18, 2021

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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 $460,600,000 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 money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Sat, Sep 18, 2021
Jackpot:$460,600,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,932,691$2,521,053$745,264$3,666,374
2$7,279,326$2,649,308$782,528$3,847,490
3$7,643,292$2,783,975$821,654$4,037,663
4$8,025,457$2,925,376$862,737$4,237,344
5$8,426,729$3,073,847$905,873$4,447,009
6$8,848,066$3,229,742$951,167$4,667,157
7$9,290,469$3,393,431$998,725$4,898,313
8$9,754,993$3,565,305$1,048,662$5,141,026
9$10,242,742$3,745,772$1,101,095$5,395,876
10$10,754,879$3,935,263$1,156,150$5,663,467
11$11,292,623$4,134,228$1,213,957$5,944,438
12$11,857,254$4,343,141$1,274,655$6,239,458
13$12,450,117$4,562,501$1,338,388$6,549,229
14$13,072,623$4,792,828$1,405,307$6,874,488
15$13,726,254$5,034,671$1,475,572$7,216,010
16$14,412,567$5,288,607$1,549,351$7,574,609
17$15,133,195$5,555,239$1,626,818$7,951,137
18$15,889,855$5,835,204$1,708,159$8,346,492
19$16,684,347$6,129,166$1,793,567$8,761,614
20$17,518,565$6,437,826$1,883,246$9,197,493
21$18,394,493$6,761,920$1,977,408$9,655,165
22$19,314,218$7,102,218$2,076,278$10,135,722
23$20,279,929$7,459,531$2,180,092$10,640,306
24$21,293,925$7,834,709$2,289,097$11,170,119
25$22,358,621$8,228,647$2,403,552$11,726,422
26$23,476,553$8,642,282$2,523,729$12,310,541
27$24,650,380$9,076,598$2,649,916$12,923,866
28$25,882,899$9,532,630$2,782,412$13,567,857
29$27,177,044$10,011,463$2,921,532$14,244,048
30$28,535,896$10,514,239$3,067,609$14,954,049
Total$460,600,001$169,100,720$49,514,500$241,984,782

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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.