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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 $192,000,000 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, Apr 23, 2019
Jackpot:$192,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,889,876$693,570$245,639$1,950,666
2$3,034,369$728,249$257,921$2,048,199
3$3,186,088$764,661$270,817$2,150,609
4$3,345,392$802,894$284,358$2,258,140
5$3,512,662$843,039$298,576$2,371,047
6$3,688,295$885,191$313,505$2,489,599
7$3,872,710$929,450$329,180$2,614,079
8$4,066,345$975,923$345,639$2,744,783
9$4,269,662$1,024,719$362,921$2,882,022
10$4,483,145$1,075,955$381,067$3,026,123
11$4,707,303$1,129,753$400,121$3,177,429
12$4,942,668$1,186,240$420,127$3,336,301
13$5,189,801$1,245,552$441,133$3,503,116
14$5,449,291$1,307,830$463,190$3,678,272
15$5,721,756$1,373,221$486,349$3,862,185
16$6,007,844$1,441,883$510,667$4,055,295
17$6,308,236$1,513,977$536,200$4,258,059
18$6,623,648$1,589,675$563,010$4,470,962
19$6,954,830$1,669,159$591,161$4,694,510
20$7,302,572$1,752,617$620,719$4,929,236
21$7,667,700$1,840,248$651,755$5,175,698
22$8,051,085$1,932,260$684,342$5,434,482
23$8,453,639$2,028,873$718,559$5,706,207
24$8,876,321$2,130,317$754,487$5,991,517
25$9,320,137$2,236,833$792,212$6,291,093
26$9,786,144$2,348,675$831,822$6,605,647
27$10,275,452$2,466,108$873,413$6,935,930
28$10,789,224$2,589,414$917,084$7,282,726
29$11,328,685$2,718,884$962,938$7,646,863
30$11,895,120$2,854,829$1,011,085$8,029,206
Total$192,000,000$46,080,000$16,320,000$129,600,000
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