USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$263,371$88,668$472,780
2$866,060$278,630$93,101$494,328
3$909,363$294,652$97,756$516,954
4$954,831$311,475$102,644$540,711
5$1,002,572$329,139$107,777$565,656
6$1,052,701$347,687$113,165$591,848
7$1,105,336$367,162$118,824$619,350
8$1,160,603$387,611$124,765$648,227
9$1,218,633$409,082$131,003$678,548
10$1,279,564$431,627$137,553$710,385
11$1,343,543$455,299$144,431$743,813
12$1,410,720$480,154$151,652$778,913
13$1,481,256$506,252$159,235$815,768
14$1,555,319$533,656$167,197$854,466
15$1,633,084$562,429$175,557$895,099
16$1,714,739$592,641$184,334$937,763
17$1,800,476$624,364$193,551$982,561
18$1,890,499$657,673$203,229$1,029,598
19$1,985,024$692,647$213,390$1,078,987
20$2,084,276$729,370$224,060$1,130,846
21$2,188,489$767,929$235,263$1,185,298
22$2,297,914$808,416$247,026$1,242,472
23$2,412,810$850,927$259,377$1,302,505
24$2,533,450$895,564$272,346$1,365,540
25$2,660,123$942,433$285,963$1,431,726
26$2,793,129$991,645$300,261$1,501,222
27$2,932,785$1,043,318$315,274$1,574,192
28$3,079,424$1,097,575$331,038$1,650,811
29$3,233,396$1,154,544$347,590$1,731,261
30$3,395,065$1,214,362$364,970$1,815,734
Total$54,800,000$19,021,634$5,891,000$29,887,362

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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.