USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $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 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$1,550,931$462,756$2,291,023
2$4,519,946$1,630,568$485,894$2,403,484
3$4,745,943$1,714,187$510,189$2,521,568
4$4,983,241$1,801,987$535,698$2,645,555
5$5,232,402$1,894,177$562,483$2,775,742
6$5,494,023$1,990,976$590,607$2,912,439
7$5,768,724$2,092,616$620,138$3,055,970
8$6,057,160$2,199,337$651,145$3,206,678
9$6,360,018$2,311,394$683,702$3,364,922
10$6,678,019$2,429,055$717,887$3,531,077
11$7,011,920$2,552,598$753,781$3,705,540
12$7,362,516$2,682,319$791,470$3,888,727
13$7,730,641$2,818,525$831,044$4,081,072
14$8,117,174$2,961,542$872,596$4,283,035
15$8,523,032$3,111,710$916,226$4,495,097
16$8,949,184$3,269,386$962,037$4,717,761
17$9,396,643$3,434,946$1,010,139$4,951,558
18$9,866,475$3,608,784$1,060,646$5,197,046
19$10,359,799$3,791,313$1,113,678$5,454,807
20$10,877,789$3,982,970$1,169,362$5,725,457
21$11,421,678$4,184,209$1,227,830$6,009,639
22$11,992,762$4,395,510$1,289,222$6,308,031
23$12,592,400$4,617,376$1,353,683$6,621,341
24$13,222,020$4,850,335$1,421,367$6,950,318
25$13,883,121$5,094,943$1,492,436$7,295,743
26$14,577,278$5,351,780$1,567,057$7,658,440
27$15,306,141$5,621,460$1,645,410$8,039,271
28$16,071,448$5,904,624$1,727,681$8,439,144
29$16,875,021$6,201,945$1,814,065$8,859,011
30$17,718,772$6,514,133$1,904,768$9,299,871
Total$286,000,001$104,565,636$30,744,997$150,689,367

◄ Back to Jackpot Analysis

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.