USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 $35,100,000 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:Sat, May 13, 2000
Jackpot:$35,100,000
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$625,836$189,747$0$436,089
2$650,870$199,010$0$451,860
3$676,905$208,643$0$468,262
4$703,981$218,661$0$485,320
5$732,140$229,080$0$503,061
6$761,426$239,915$0$521,510
7$791,883$251,184$0$540,698
8$823,558$262,904$0$560,654
9$856,500$275,093$0$581,408
10$890,760$287,769$0$602,991
11$926,391$300,952$0$625,438
12$963,447$314,663$0$648,784
13$1,001,984$328,922$0$673,062
14$1,042,064$343,751$0$698,312
15$1,083,746$359,174$0$724,572
16$1,127,096$375,213$0$751,883
17$1,172,180$391,894$0$780,286
18$1,219,067$409,243$0$809,825
19$1,267,830$427,285$0$840,545
20$1,318,543$446,049$0$872,494
21$1,371,285$465,563$0$905,722
22$1,426,136$485,858$0$940,278
23$1,483,182$506,965$0$976,217
24$1,542,509$528,916$0$1,013,593
25$1,604,209$551,745$0$1,052,464
26$1,668,378$575,487$0$1,092,890
27$1,735,113$600,179$0$1,134,933
28$1,804,517$625,859$0$1,178,658
29$1,876,698$652,566$0$1,224,132
30$1,951,766$680,341$0$1,271,425
Total$35,100,000$11,732,631$0$23,367,366

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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.