USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jul 10, 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 2025 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 $39,900,000 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:Wed, Jul 10, 2024
Jackpot:$39,900,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$600,552$179,741$64,559$356,252
2$630,580$190,335$67,787$372,458
3$662,109$202,001$71,177$388,932
4$695,214$214,250$74,736$406,229
5$729,975$227,111$78,472$424,392
6$766,474$240,616$82,396$443,462
7$804,797$254,795$86,516$463,486
8$845,037$269,684$90,842$484,512
9$887,289$285,317$95,384$506,588
10$931,654$301,732$100,153$529,769
11$978,236$318,968$105,160$554,108
12$1,027,148$337,065$110,418$579,665
13$1,078,506$356,067$115,939$606,499
14$1,132,431$376,020$121,736$634,675
15$1,189,052$396,970$127,823$664,260
16$1,248,505$418,967$134,214$695,324
17$1,310,930$442,064$140,925$727,941
18$1,376,477$466,317$147,971$762,189
19$1,445,301$491,781$155,370$798,149
20$1,517,566$518,520$163,138$835,908
21$1,593,444$546,595$171,295$875,554
22$1,673,116$576,073$179,860$917,183
23$1,756,772$607,026$188,853$960,893
24$1,844,611$639,526$198,296$1,006,789
25$1,936,841$673,651$208,210$1,054,979
26$2,033,683$709,483$218,621$1,105,579
27$2,135,367$747,106$229,552$1,158,709
28$2,242,136$786,610$241,030$1,214,496
29$2,354,242$828,090$253,081$1,273,071
30$2,471,955$871,643$265,735$1,334,576
Total$39,900,000$13,474,124$4,289,249$22,136,627

◄ 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.