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Mega Millions Annuity Jackpot Analysis for Washington, D.C.

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The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $90,000,000 would be for a resident of Washington, D.C., 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Washington, D.C.

Drawing Date:  Fri, Aug 23, 2019
Jackpot:$90,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,354,629$325,111$115,143$914,375
2$1,422,361$341,367$120,901$960,093
3$1,493,479$358,435$126,946$1,008,098
4$1,568,153$376,357$133,293$1,058,503
5$1,646,560$395,174$139,958$1,111,428
6$1,728,888$414,933$146,955$1,167,000
7$1,815,333$435,680$154,303$1,225,350
8$1,906,099$457,464$162,018$1,286,617
9$2,001,404$480,337$170,119$1,350,948
10$2,101,474$504,354$178,625$1,418,495
11$2,206,548$529,572$187,557$1,489,420
12$2,316,876$556,050$196,934$1,563,891
13$2,432,719$583,853$206,781$1,642,086
14$2,554,355$613,045$217,120$1,724,190
15$2,682,073$643,698$227,976$1,810,399
16$2,816,177$675,882$239,375$1,900,919
17$2,956,986$709,677$251,344$1,995,965
18$3,104,835$745,160$263,911$2,095,764
19$3,260,077$782,418$277,107$2,200,552
20$3,423,080$821,539$290,962$2,310,579
21$3,594,234$862,616$305,510$2,426,108
22$3,773,946$905,747$320,785$2,547,414
23$3,962,643$951,034$336,825$2,674,784
24$4,160,776$998,586$353,666$2,808,524
25$4,368,814$1,048,515$371,349$2,948,950
26$4,587,255$1,100,941$389,917$3,096,397
27$4,816,618$1,155,988$409,413$3,251,217
28$5,057,449$1,213,788$429,883$3,413,778
29$5,310,321$1,274,477$451,377$3,584,467
30$5,575,837$1,338,201$473,946$3,763,690
Total$90,000,000$21,600,000$7,650,000$60,750,000
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