USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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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 $78,400,000 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:Sat, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$126,853$658,379
2$1,239,034$416,630$133,196$689,208
3$1,300,986$439,553$139,856$721,577
4$1,366,035$463,621$146,849$755,566
5$1,434,337$488,892$154,191$791,253
6$1,506,054$515,428$161,901$828,725
7$1,581,356$543,290$169,996$868,071
8$1,660,424$572,545$178,496$909,384
9$1,743,445$603,263$187,420$952,763
10$1,830,618$635,516$196,791$998,310
11$1,922,149$669,383$206,631$1,046,135
12$2,018,256$704,942$216,963$1,096,351
13$2,119,169$742,280$227,811$1,149,078
14$2,225,127$781,485$239,201$1,204,441
15$2,336,384$822,650$251,161$1,262,573
16$2,453,203$865,873$263,719$1,323,611
17$2,575,863$911,257$276,905$1,387,701
18$2,704,656$958,911$290,751$1,454,995
19$2,839,889$1,008,947$305,288$1,525,654
20$2,981,883$1,061,485$320,552$1,599,846
21$3,130,978$1,116,649$336,580$1,677,748
22$3,287,526$1,174,573$353,409$1,759,545
23$3,451,903$1,235,392$371,080$1,845,431
24$3,624,498$1,299,252$389,634$1,935,612
25$3,805,723$1,366,305$409,115$2,030,302
26$3,996,009$1,436,711$429,571$2,129,727
27$4,195,809$1,510,637$451,050$2,234,123
28$4,405,600$1,588,260$473,602$2,343,738
29$4,625,880$1,669,763$497,282$2,458,834
30$4,857,174$1,755,342$522,146$2,579,686
Total$78,400,000$27,753,635$8,428,000$42,218,367

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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.