USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 19, 2022

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The tax information provided here is based on 2022 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 $92,900,000 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 prize money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$150,315$767,645
2$1,468,192$506,186$157,831$804,175
3$1,541,602$533,348$165,722$842,532
4$1,618,682$561,867$174,008$882,806
5$1,699,616$591,813$182,709$925,094
6$1,784,597$623,256$191,844$969,497
7$1,873,827$656,271$201,436$1,016,119
8$1,967,518$690,937$211,508$1,065,073
9$2,065,894$727,336$222,084$1,116,475
10$2,169,189$765,555$233,188$1,170,446
11$2,277,648$805,685$244,847$1,227,116
12$2,391,530$847,821$257,090$1,286,620
13$2,511,107$892,065$269,944$1,349,098
14$2,636,662$938,520$283,441$1,414,701
15$2,768,495$987,298$297,613$1,483,584
16$2,906,920$1,038,515$312,494$1,555,911
17$3,052,266$1,092,293$328,119$1,631,854
18$3,204,880$1,148,760$344,525$1,711,595
19$3,365,123$1,208,051$361,751$1,795,322
20$3,533,380$1,270,305$379,838$1,883,236
21$3,710,049$1,335,673$398,830$1,975,545
22$3,895,551$1,404,309$418,772$2,072,470
23$4,090,329$1,476,377$439,710$2,174,242
24$4,294,845$1,552,048$461,696$2,281,102
25$4,509,587$1,631,502$484,781$2,393,304
26$4,735,067$1,714,930$509,020$2,511,117
27$4,971,820$1,802,528$534,471$2,634,821
28$5,220,411$1,894,507$561,194$2,764,710
29$5,481,432$1,991,085$589,254$2,901,093
30$5,755,503$2,092,491$618,717$3,044,295
Total$92,900,000$33,261,650$9,986,752$49,651,598

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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.