USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for Jun 23, 2025

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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 $128,000,000 for a ticket purchased in Washington, 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

Drawing Date:Mon, Jun 23, 2025
Jackpot:$128,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,926,584$669,856$0$1,256,727
2$2,022,913$705,498$0$1,317,415
3$2,124,058$742,922$0$1,381,137
4$2,230,262$782,217$0$1,448,044
5$2,341,774$823,477$0$1,518,298
6$2,458,863$866,800$0$1,592,064
7$2,581,806$912,289$0$1,669,518
8$2,710,897$960,052$0$1,750,845
9$2,846,442$1,010,204$0$1,836,238
10$2,988,764$1,062,863$0$1,925,901
11$3,138,202$1,118,155$0$2,020,047
12$3,295,112$1,176,212$0$2,118,900
13$3,459,868$1,237,171$0$2,222,696
14$3,632,861$1,301,179$0$2,331,682
15$3,814,504$1,368,387$0$2,446,117
16$4,005,229$1,438,955$0$2,566,274
17$4,205,491$1,513,052$0$2,692,439
18$4,415,765$1,590,853$0$2,824,912
19$4,636,553$1,672,545$0$2,964,008
20$4,868,381$1,758,321$0$3,110,060
21$5,111,800$1,848,386$0$3,263,414
22$5,367,390$1,942,955$0$3,424,436
23$5,635,760$2,042,251$0$3,593,508
24$5,917,548$2,146,513$0$3,771,035
25$6,213,425$2,255,987$0$3,957,437
26$6,524,096$2,370,936$0$4,153,160
27$6,850,301$2,491,632$0$4,358,669
28$7,192,816$2,618,362$0$4,574,454
29$7,552,457$2,751,429$0$4,801,028
30$7,930,080$2,891,150$0$5,038,930
Total$128,000,000$46,070,609$0$81,929,393

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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.