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. (Aug. 7, 2018 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 $55,000,000 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:  Aug. 7, 2018
Jackpot:$55,000,000
Federal Tax:  24%
State Tax:8.50%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$198,679$70,365$558,785
2$869,220$208,613$73,884$586,724
3$912,681$219,044$77,578$616,060
4$958,315$229,996$81,457$646,863
5$1,006,231$241,495$85,530$679,206
6$1,056,543$253,570$89,806$713,166
7$1,109,370$266,249$94,296$748,825
8$1,164,838$279,561$99,011$786,266
9$1,223,080$293,539$103,962$825,579
10$1,284,234$308,216$109,160$866,858
11$1,348,446$323,627$114,618$910,201
12$1,415,868$339,808$120,349$955,711
13$1,486,662$356,799$126,366$1,003,497
14$1,560,995$374,639$132,685$1,053,672
15$1,639,045$393,371$139,319$1,106,355
16$1,720,997$413,039$146,285$1,161,673
17$1,807,047$433,691$153,599$1,219,757
18$1,897,399$455,376$161,279$1,280,744
19$1,992,269$478,145$169,343$1,344,782
20$2,091,882$502,052$177,810$1,412,021
21$2,196,477$527,154$186,701$1,482,622
22$2,306,300$553,512$196,036$1,556,753
23$2,421,615$581,188$205,837$1,634,590
24$2,542,696$610,247$216,129$1,716,320
25$2,669,831$640,759$226,936$1,802,136
26$2,803,323$672,797$238,282$1,892,243
27$2,943,489$706,437$250,197$1,986,855
28$3,090,663$741,759$262,706$2,086,198
29$3,245,196$778,847$275,842$2,190,507
30$3,407,456$817,789$289,634$2,300,033
Total$55,000,000$13,200,000$4,675,000$37,125,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.