USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for May 25, 2011

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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 $144,200,000 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 25, 2011
Jackpot:$144,200,000
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$2,571,100$909,495$0$1,661,605
2$2,673,944$947,547$0$1,726,397
3$2,780,902$987,122$0$1,793,781
4$2,892,138$1,028,279$0$1,863,859
5$3,007,824$1,071,083$0$1,936,741
6$3,128,137$1,115,598$0$2,012,538
7$3,253,262$1,161,895$0$2,091,367
8$3,383,393$1,210,043$0$2,173,350
9$3,518,728$1,260,117$0$2,258,611
10$3,659,477$1,312,194$0$2,347,283
11$3,805,857$1,366,355$0$2,439,502
12$3,958,091$1,422,681$0$2,535,409
13$4,116,414$1,481,261$0$2,635,153
14$4,281,071$1,542,184$0$2,738,887
15$4,452,314$1,605,544$0$2,846,770
16$4,630,406$1,671,438$0$2,958,968
17$4,815,623$1,739,968$0$3,075,655
18$5,008,248$1,811,239$0$3,197,008
19$5,208,577$1,885,361$0$3,323,216
20$5,416,921$1,962,448$0$3,454,472
21$5,633,597$2,042,619$0$3,590,979
22$5,858,941$2,125,996$0$3,732,945
23$6,093,299$2,212,708$0$3,880,591
24$6,337,031$2,302,889$0$4,034,142
25$6,590,512$2,396,677$0$4,193,835
26$6,854,133$2,494,217$0$4,359,916
27$7,128,298$2,595,658$0$4,532,640
28$7,413,430$2,701,157$0$4,712,273
29$7,709,967$2,810,876$0$4,899,091
30$8,018,366$2,924,983$0$5,093,383
Total$144,200,000$52,099,632$0$92,100,367

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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.