USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$539,936$2,661,387
2$5,273,797$1,914,260$566,933$2,792,604
3$5,537,487$2,011,825$595,280$2,930,382
4$5,814,361$2,114,269$625,044$3,075,049
5$6,105,079$2,221,834$656,296$3,226,949
6$6,410,333$2,334,778$689,111$3,386,444
7$6,730,850$2,453,370$723,566$3,553,914
8$7,067,393$2,577,890$759,745$3,729,758
9$7,420,762$2,708,637$797,732$3,914,393
10$7,791,800$2,845,921$837,619$4,108,261
11$8,181,390$2,990,069$879,499$4,311,821
12$8,590,460$3,141,425$923,474$4,525,560
13$9,019,983$3,300,349$969,648$4,749,986
14$9,470,982$3,467,218$1,018,131$4,985,633
15$9,944,531$3,642,431$1,069,037$5,233,062
16$10,441,758$3,826,405$1,122,489$5,492,863
17$10,963,845$4,019,578$1,178,613$5,765,654
18$11,512,038$4,222,409$1,237,544$6,052,085
19$12,087,639$4,435,382$1,299,421$6,352,837
20$12,692,022$4,659,003$1,364,392$6,668,626
21$13,326,623$4,893,805$1,432,612$7,000,205
22$13,992,954$5,140,348$1,504,243$7,348,363
23$14,692,601$5,399,218$1,579,455$7,713,929
24$15,427,231$5,671,031$1,658,427$8,097,773
25$16,198,593$5,956,434$1,741,349$8,500,810
26$17,008,523$6,256,108$1,828,416$8,923,998
27$17,858,949$6,570,766$1,919,837$9,368,346
28$18,751,896$6,901,157$2,015,829$9,834,911
29$19,689,491$7,248,067$2,116,620$10,324,804
30$20,673,966$7,612,322$2,222,451$10,839,192
Total$333,700,001$122,357,650$35,872,749$175,469,599

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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.