USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for Jan 7, 2012

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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 $43,500,000 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, Jan 7, 2012
Jackpot:$43,500,000
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$775,609$245,163$0$530,446
2$806,634$256,642$0$549,991
3$838,899$268,580$0$570,319
4$872,455$280,996$0$591,459
5$907,353$293,908$0$613,445
6$943,647$307,337$0$636,310
7$981,393$321,303$0$660,090
8$1,020,649$335,828$0$684,821
9$1,061,475$350,933$0$710,541
10$1,103,934$366,643$0$737,291
11$1,148,091$382,982$0$765,110
12$1,194,015$399,973$0$794,042
13$1,241,775$417,645$0$824,131
14$1,291,447$436,023$0$855,424
15$1,343,104$455,136$0$887,968
16$1,396,829$475,014$0$921,814
17$1,452,702$495,687$0$957,014
18$1,510,810$517,187$0$993,622
19$1,571,242$539,547$0$1,031,695
20$1,634,092$562,802$0$1,071,290
21$1,699,456$586,986$0$1,112,469
22$1,767,434$612,138$0$1,155,296
23$1,838,131$638,296$0$1,199,835
24$1,911,656$665,501$0$1,246,156
25$1,988,123$693,793$0$1,294,329
26$2,067,647$723,217$0$1,344,430
27$2,150,353$753,819$0$1,396,535
28$2,236,368$785,644$0$1,450,724
29$2,325,822$818,742$0$1,507,080
30$2,418,855$853,164$0$1,565,691
Total$43,500,000$14,840,629$0$28,659,368

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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.