USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jun 24, 2024

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 $84,000,000 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, Jun 24, 2024
Jackpot:$84,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,264,321$425,986$135,914$702,420
2$1,327,537$449,376$142,710$735,450
3$1,393,913$473,936$149,846$770,132
4$1,463,609$499,723$157,338$806,548
5$1,536,789$526,800$165,205$844,785
6$1,613,629$555,230$173,465$884,933
7$1,694,310$585,083$182,138$927,089
8$1,779,026$616,427$191,245$971,353
9$1,867,977$649,339$200,808$1,017,830
10$1,961,376$683,897$210,848$1,066,631
11$2,059,445$720,182$221,390$1,117,872
12$2,162,417$758,282$232,460$1,171,675
13$2,270,538$798,287$244,083$1,228,168
14$2,384,065$840,292$256,287$1,287,486
15$2,503,268$884,397$269,101$1,349,770
16$2,628,432$930,707$282,556$1,415,168
17$2,759,853$979,333$296,684$1,483,836
18$2,897,846$1,030,391$311,518$1,555,937
19$3,042,738$1,084,001$327,094$1,631,643
20$3,194,875$1,140,292$343,449$1,711,134
21$3,354,619$1,199,397$360,622$1,794,601
22$3,522,350$1,261,457$378,653$1,882,240
23$3,698,467$1,326,621$397,585$1,974,261
24$3,883,391$1,395,042$417,464$2,070,884
25$4,077,560$1,466,885$438,338$2,172,337
26$4,281,438$1,542,320$460,255$2,278,864
27$4,495,510$1,621,526$483,267$2,390,716
28$4,720,286$1,704,693$507,431$2,508,161
29$4,956,300$1,792,019$532,802$2,631,479
30$5,204,115$1,883,710$559,442$2,760,962
Total$84,000,000$29,825,631$9,029,998$45,144,365

◄ 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.