USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Washington, D.C. (Apr. 3, 2020 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

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 $121,000,000 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:  Apr. 3, 2020
Jackpot:$121,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,821,224$437,094$154,804$1,229,326
2$1,912,285$458,948$162,544$1,290,792
3$2,007,899$481,896$170,671$1,355,332
4$2,108,294$505,991$179,205$1,423,099
5$2,213,709$531,290$188,165$1,494,253
6$2,324,394$557,855$197,574$1,568,966
7$2,440,614$585,747$207,452$1,647,414
8$2,562,645$615,035$217,825$1,729,785
9$2,690,777$645,786$228,716$1,816,274
10$2,825,316$678,076$240,152$1,907,088
11$2,966,581$711,980$252,159$2,002,442
12$3,114,911$747,579$264,767$2,102,565
13$3,270,656$784,957$278,006$2,207,693
14$3,434,189$824,205$291,906$2,318,077
15$3,605,898$865,416$306,501$2,433,981
16$3,786,193$908,686$321,826$2,555,680
17$3,975,503$954,121$337,918$2,683,464
18$4,174,278$1,001,827$354,814$2,817,638
19$4,382,992$1,051,918$372,554$2,958,519
20$4,602,141$1,104,514$391,182$3,106,445
21$4,832,248$1,159,740$410,741$3,261,768
22$5,073,861$1,217,727$431,278$3,424,856
23$5,327,554$1,278,613$452,842$3,596,099
24$5,593,932$1,342,544$475,484$3,775,904
25$5,873,628$1,409,671$499,258$3,964,699
26$6,167,310$1,480,154$524,221$4,162,934
27$6,475,675$1,554,162$550,432$4,371,081
28$6,799,459$1,631,870$577,954$4,589,635
29$7,139,432$1,713,464$606,852$4,819,116
30$7,496,404$1,799,137$637,194$5,060,072
Total$121,000,000$29,040,000$10,285,000$81,675,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.