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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 $245,000,000 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:  Tue, Feb 26, 2019
Jackpot:$245,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,687,602$885,024$313,446$2,489,131
2$3,871,982$929,276$329,118$2,613,588
3$4,065,581$975,739$345,574$2,744,267
4$4,268,860$1,024,526$362,853$2,881,480
5$4,482,303$1,075,753$380,996$3,025,554
6$4,706,418$1,129,540$400,046$3,176,832
7$4,941,739$1,186,017$420,048$3,335,674
8$5,188,826$1,245,318$441,050$3,502,457
9$5,448,267$1,307,584$463,103$3,677,580
10$5,720,680$1,372,963$486,258$3,861,459
11$6,006,714$1,441,611$510,571$4,054,532
12$6,307,050$1,513,692$536,099$4,257,259
13$6,622,403$1,589,377$562,904$4,470,122
14$6,953,523$1,668,845$591,049$4,693,628
15$7,301,199$1,752,288$620,602$4,928,309
16$7,666,259$1,839,902$651,632$5,174,725
17$8,049,572$1,931,897$684,214$5,433,461
18$8,452,050$2,028,492$718,424$5,705,134
19$8,874,653$2,129,917$754,345$5,990,391
20$9,318,386$2,236,413$792,063$6,289,910
21$9,784,305$2,348,233$831,666$6,604,406
22$10,273,520$2,465,645$873,249$6,934,626
23$10,787,196$2,588,927$916,912$7,281,357
24$11,326,556$2,718,373$962,757$7,645,425
25$11,892,884$2,854,292$1,010,895$8,027,696
26$12,487,528$2,997,007$1,061,440$8,429,081
27$13,111,904$3,146,857$1,114,512$8,850,535
28$13,767,499$3,304,200$1,170,237$9,293,062
29$14,455,874$3,469,410$1,228,749$9,757,715
30$15,178,668$3,642,880$1,290,187$10,245,601
Total$245,000,000$58,800,000$20,825,000$165,375,000
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