USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2024 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 $632,600,000 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:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,481,157$1,023,565$5,016,816
2$9,997,615$3,657,305$1,074,744$5,265,566
3$10,497,495$3,842,261$1,128,481$5,526,754
4$11,022,371$4,036,465$1,184,905$5,801,001
5$11,573,488$4,240,378$1,244,150$6,088,960
6$12,152,163$4,454,488$1,306,358$6,391,317
7$12,759,772$4,679,303$1,371,675$6,708,793
8$13,397,760$4,915,359$1,440,259$7,042,142
9$14,067,648$5,163,218$1,512,272$7,392,158
10$14,771,030$5,423,469$1,587,886$7,759,676
11$15,509,582$5,696,733$1,667,280$8,145,569
12$16,285,061$5,983,660$1,750,644$8,550,757
13$17,099,314$6,284,934$1,838,176$8,976,204
14$17,954,280$6,601,271$1,930,085$9,422,923
15$18,851,994$6,933,425$2,026,589$9,891,979
16$19,794,594$7,282,187$2,127,919$10,384,487
17$20,784,323$7,648,387$2,234,315$10,901,621
18$21,823,539$8,032,897$2,346,030$11,444,611
19$22,914,716$8,436,633$2,463,332$12,014,751
20$24,060,452$8,860,555$2,586,499$12,613,398
21$25,263,474$9,305,673$2,715,823$13,241,978
22$26,526,648$9,773,048$2,851,615$13,901,986
23$27,852,981$10,263,791$2,994,195$14,594,995
24$29,245,629$10,779,071$3,143,905$15,322,654
25$30,707,911$11,320,115$3,301,100$16,086,696
26$32,243,307$11,888,211$3,466,155$16,888,940
27$33,855,472$12,484,712$3,639,463$17,731,297
28$35,548,245$13,111,039$3,821,436$18,615,770
29$37,325,658$13,768,681$4,012,508$19,544,468
30$39,191,941$14,459,206$4,213,134$20,519,601
Total$632,600,001$232,807,632$68,004,498$331,787,868

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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.