USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for May 3, 2000

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The tax information provided here is based on 2026 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 $18,200,000 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:Wed, May 3, 2000
Jackpot:$18,200,000
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$324,508$82,347$0$242,161
2$337,488$86,890$0$250,598
3$350,988$91,615$0$259,373
4$365,027$96,529$0$268,498
5$379,628$101,639$0$277,989
6$394,813$106,954$0$287,859
7$410,606$112,481$0$298,125
8$427,030$118,230$0$308,800
9$444,111$124,208$0$319,903
10$461,876$130,426$0$331,450
11$480,351$136,892$0$343,459
12$499,565$143,617$0$355,948
13$519,547$150,611$0$368,937
14$540,329$157,885$0$382,445
15$561,943$165,449$0$396,493
16$584,420$173,316$0$411,104
17$607,797$181,498$0$426,299
18$632,109$190,007$0$442,102
19$657,393$199,193$0$458,201
20$683,689$208,922$0$474,767
21$711,037$219,041$0$491,996
22$739,478$229,564$0$509,914
23$769,057$240,508$0$528,549
24$799,819$251,890$0$547,929
25$831,812$263,728$0$568,084
26$865,085$276,039$0$589,046
27$899,688$288,842$0$610,846
28$935,676$302,157$0$633,518
29$973,103$316,005$0$657,097
30$1,012,027$330,407$0$681,620
Total$18,200,000$5,476,890$0$12,723,110

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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.