USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 14, 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 $62,900,000 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:Mon, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$308,480$101,774$536,481
2$994,072$325,994$106,863$561,215
3$1,043,776$344,385$112,206$587,185
4$1,095,964$363,695$117,816$614,454
5$1,150,763$383,970$123,707$643,086
6$1,208,301$405,259$129,892$673,149
7$1,268,716$427,613$136,387$704,716
8$1,332,152$451,084$143,206$737,861
9$1,398,759$475,729$150,367$772,664
10$1,468,697$501,606$157,885$809,207
11$1,542,132$528,777$165,779$847,576
12$1,619,239$557,306$174,068$887,864
13$1,700,201$587,262$182,772$930,167
14$1,785,211$618,716$191,910$974,585
15$1,874,471$651,742$201,506$1,021,223
16$1,968,195$686,420$211,581$1,070,194
17$2,066,604$722,831$222,160$1,121,613
18$2,169,935$761,064$233,268$1,175,603
19$2,278,431$801,207$244,931$1,232,293
20$2,392,353$843,358$257,178$1,291,817
21$2,511,971$887,617$270,037$1,354,317
22$2,637,569$934,088$283,539$1,419,942
23$2,769,447$982,883$297,716$1,488,849
24$2,907,920$1,034,118$312,601$1,561,200
25$3,053,316$1,087,915$328,231$1,637,170
26$3,205,982$1,144,401$344,643$1,716,938
27$3,366,281$1,203,712$361,875$1,800,694
28$3,534,595$1,265,988$379,969$1,888,638
29$3,711,324$1,331,378$398,967$1,980,979
30$3,896,891$1,400,037$418,916$2,077,938
Total$62,900,000$22,018,635$6,761,750$34,119,618

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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.