USA Mega

Washington Powerball Jackpot Annuity Payout Schedule for Nov 30, 2022

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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 $65,600,000 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 30, 2022
Jackpot:$65,600,000
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$987,374$323,516$0$663,858
2$1,036,743$341,783$0$694,960
3$1,088,580$360,962$0$727,618
4$1,143,009$381,101$0$761,908
5$1,200,159$402,247$0$797,913
6$1,260,167$424,450$0$835,718
7$1,323,176$447,763$0$875,413
8$1,389,335$472,242$0$917,093
9$1,458,801$497,944$0$960,857
10$1,531,741$524,932$0$1,006,809
11$1,608,328$553,269$0$1,055,059
12$1,688,745$583,023$0$1,105,722
13$1,773,182$614,265$0$1,158,917
14$1,861,841$647,069$0$1,214,772
15$1,954,933$681,513$0$1,273,420
16$2,052,680$717,679$0$1,335,001
17$2,155,314$755,654$0$1,399,660
18$2,263,080$795,527$0$1,467,552
19$2,376,234$837,394$0$1,538,839
20$2,495,045$881,355$0$1,613,691
21$2,619,798$927,513$0$1,692,285
22$2,750,787$975,979$0$1,774,808
23$2,888,327$1,026,869$0$1,861,458
24$3,032,743$1,080,303$0$1,952,440
25$3,184,380$1,136,408$0$2,047,972
26$3,343,599$1,195,320$0$2,148,280
27$3,510,779$1,257,176$0$2,253,603
28$3,686,318$1,322,125$0$2,364,193
29$3,870,634$1,390,322$0$2,480,312
30$4,064,166$1,461,929$0$2,602,237
Total$65,600,000$23,017,632$0$42,582,368

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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.