USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$462,756$2,286,256
2$4,519,946$1,635,335$485,894$2,398,717
3$4,745,943$1,718,954$510,189$2,516,800
4$4,983,241$1,806,754$535,698$2,640,788
5$5,232,402$1,898,944$562,483$2,770,975
6$5,494,023$1,995,743$590,607$2,907,672
7$5,768,724$2,097,383$620,138$3,051,203
8$6,057,160$2,204,104$651,145$3,201,911
9$6,360,018$2,316,162$683,702$3,360,154
10$6,678,019$2,433,822$717,887$3,526,310
11$7,011,920$2,557,365$753,781$3,700,773
12$7,362,516$2,687,086$791,470$3,883,959
13$7,730,641$2,823,292$831,044$4,076,305
14$8,117,174$2,966,309$872,596$4,278,268
15$8,523,032$3,116,477$916,226$4,490,329
16$8,949,184$3,274,153$962,037$4,712,994
17$9,396,643$3,439,713$1,010,139$4,946,791
18$9,866,475$3,613,551$1,060,646$5,192,278
19$10,359,799$3,796,081$1,113,678$5,450,040
20$10,877,789$3,987,737$1,169,362$5,720,690
21$11,421,678$4,188,976$1,227,830$6,004,872
22$11,992,762$4,400,277$1,289,222$6,303,263
23$12,592,400$4,622,143$1,353,683$6,616,574
24$13,222,020$4,855,102$1,421,367$6,945,551
25$13,883,121$5,099,710$1,492,436$7,290,976
26$14,577,278$5,356,548$1,567,057$7,653,673
27$15,306,141$5,626,227$1,645,410$8,034,504
28$16,071,448$5,909,391$1,727,681$8,434,377
29$16,875,021$6,206,713$1,814,065$8,854,243
30$17,718,772$6,518,901$1,904,768$9,295,103
Total$286,000,001$104,708,651$30,744,997$150,546,349

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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.