USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for Nov 2, 2011

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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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
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$4,532,411$1,634,012$0$2,898,399
2$4,713,708$1,701,092$0$3,012,616
3$4,902,256$1,770,855$0$3,131,401
4$5,098,346$1,843,408$0$3,254,938
5$5,302,280$1,918,864$0$3,383,416
6$5,514,371$1,997,338$0$3,517,034
7$5,734,946$2,078,950$0$3,655,996
8$5,964,344$2,163,828$0$3,800,516
9$6,202,918$2,252,100$0$3,950,818
10$6,451,034$2,343,903$0$4,107,131
11$6,709,076$2,439,378$0$4,269,697
12$6,977,439$2,538,673$0$4,438,766
13$7,256,536$2,641,939$0$4,614,598
14$7,546,798$2,749,335$0$4,797,462
15$7,848,670$2,861,028$0$4,987,642
16$8,162,617$2,977,188$0$5,185,428
17$8,489,121$3,097,995$0$5,391,126
18$8,828,686$3,223,634$0$5,605,052
19$9,181,833$3,354,299$0$5,827,535
20$9,549,107$3,490,190$0$6,058,917
21$9,931,071$3,631,517$0$6,299,555
22$10,328,314$3,778,496$0$6,549,818
23$10,741,446$3,931,355$0$6,810,091
24$11,171,104$4,090,329$0$7,080,775
25$11,617,949$4,255,661$0$7,362,287
26$12,082,666$4,427,607$0$7,655,060
27$12,565,973$4,606,430$0$7,959,543
28$13,068,612$4,792,407$0$8,276,205
29$13,591,357$4,985,822$0$8,605,534
30$14,135,011$5,186,974$0$8,948,037
Total$254,200,000$92,764,607$0$161,435,393

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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.