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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 $109,000,000 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, Oct 27, 2020
Jackpot:$109,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,640,606$393,746$139,452$1,107,409
2$1,722,637$413,433$146,424$1,162,780
3$1,808,769$434,104$153,745$1,220,919
4$1,899,207$455,810$161,433$1,281,965
5$1,994,167$478,600$169,504$1,346,063
6$2,093,876$502,530$177,979$1,413,366
7$2,198,570$527,657$186,878$1,484,034
8$2,308,498$554,040$196,222$1,558,236
9$2,423,923$581,742$206,033$1,636,148
10$2,545,119$610,829$216,335$1,717,955
11$2,672,375$641,370$227,152$1,803,853
12$2,805,994$673,439$238,509$1,894,046
13$2,946,293$707,110$250,435$1,988,748
14$3,093,608$742,466$262,957$2,088,185
15$3,248,289$779,589$276,105$2,192,595
16$3,410,703$818,569$289,910$2,302,225
17$3,581,238$859,497$304,405$2,417,336
18$3,760,300$902,472$319,625$2,538,202
19$3,948,315$947,596$335,607$2,665,113
20$4,145,731$994,975$352,387$2,798,368
21$4,353,017$1,044,724$370,006$2,938,287
22$4,570,668$1,096,960$388,507$3,085,201
23$4,799,202$1,151,808$407,932$3,239,461
24$5,039,162$1,209,399$428,329$3,401,434
25$5,291,120$1,269,869$449,745$3,571,506
26$5,555,676$1,333,362$472,232$3,750,081
27$5,833,459$1,400,030$495,844$3,937,585
28$6,125,132$1,470,032$520,636$4,134,464
29$6,431,389$1,543,533$546,668$4,341,188
30$6,752,959$1,620,710$574,001$4,558,247
Total$109,000,000$26,160,000$9,265,000$73,575,000
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