USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $2,040,100,000 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 7, 2022
Jackpot:$2,040,100,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$30,706,433$11,324,335$3,300,941$16,081,156
2$32,241,755$11,892,404$3,465,989$16,883,362
3$33,853,842$12,488,876$3,639,288$17,725,677
4$35,546,535$13,115,173$3,821,253$18,610,110
5$37,323,860$13,772,783$4,012,315$19,538,762
6$39,190,054$14,463,275$4,212,931$20,513,848
7$41,149,558$15,188,291$4,423,577$21,537,689
8$43,207,035$15,949,558$4,644,756$22,612,721
9$45,367,387$16,748,888$4,876,994$23,741,505
10$47,635,756$17,588,185$5,120,844$24,926,727
11$50,017,544$18,469,446$5,376,886$26,171,212
12$52,518,421$19,394,771$5,645,730$27,477,920
13$55,144,342$20,366,361$5,928,017$28,849,963
14$57,901,559$21,386,532$6,224,418$30,290,610
15$60,796,637$22,457,711$6,535,638$31,803,288
16$63,836,469$23,582,449$6,862,420$33,391,600
17$67,028,291$24,763,423$7,205,541$35,059,327
18$70,379,706$26,003,446$7,565,818$36,810,442
19$73,898,691$27,305,471$7,944,109$38,649,111
20$77,593,627$28,672,597$8,341,315$40,579,715
21$81,473,307$30,108,079$8,758,381$42,606,848
22$85,546,973$31,615,335$9,196,300$44,735,338
23$89,824,322$33,197,954$9,656,115$46,970,253
24$94,315,537$34,859,704$10,138,920$49,316,913
25$99,031,314$36,604,541$10,645,866$51,780,906
26$103,982,881$38,436,621$11,178,160$54,368,100
27$109,182,025$40,360,304$11,737,068$57,084,653
28$114,641,124$42,380,171$12,323,921$59,937,032
29$120,373,181$44,501,032$12,940,117$62,932,032
30$126,391,841$46,727,936$13,587,123$66,076,782
Total$2,040,100,004$753,725,652$219,310,751$1,067,063,602

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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.