USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
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$2,831,420$1,004,646$0$1,826,774
2$2,944,677$1,046,551$0$1,898,126
3$3,062,464$1,090,132$0$1,972,332
4$3,184,962$1,135,456$0$2,049,506
5$3,312,361$1,182,594$0$2,129,767
6$3,444,855$1,231,617$0$2,213,238
7$3,582,649$1,282,600$0$2,300,049
8$3,725,955$1,335,624$0$2,390,332
9$3,874,993$1,390,768$0$2,484,226
10$4,029,993$1,448,118$0$2,581,875
11$4,191,193$1,507,762$0$2,683,431
12$4,358,841$1,569,791$0$2,789,049
13$4,533,194$1,634,302$0$2,898,892
14$4,714,522$1,701,393$0$3,013,129
15$4,903,103$1,771,168$0$3,131,935
16$5,099,227$1,843,734$0$3,255,493
17$5,303,196$1,919,203$0$3,383,993
18$5,515,324$1,997,690$0$3,517,634
19$5,735,937$2,079,317$0$3,656,620
20$5,965,374$2,164,209$0$3,801,166
21$6,203,989$2,252,496$0$3,951,493
22$6,452,149$2,344,315$0$4,107,834
23$6,710,235$2,439,807$0$4,270,428
24$6,978,644$2,539,119$0$4,439,526
25$7,257,790$2,642,403$0$4,615,387
26$7,548,102$2,749,818$0$4,798,284
27$7,850,026$2,861,530$0$4,988,496
28$8,164,027$2,977,710$0$5,186,317
29$8,490,588$3,098,538$0$5,392,050
30$8,830,211$3,224,198$0$5,606,013
Total$158,800,000$57,466,609$0$101,333,395

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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.