USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Feb 23, 2024

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $525,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Fri, Feb 23, 2024
Jackpot:$525,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,902,003$2,881,929$849,465$4,170,609
2$8,297,104$3,028,116$891,939$4,377,049
3$8,711,959$3,181,612$936,536$4,593,811
4$9,147,557$3,342,784$983,362$4,821,411
5$9,604,934$3,512,013$1,032,530$5,060,390
6$10,085,181$3,689,705$1,084,157$5,311,319
7$10,589,441$3,876,281$1,138,365$5,574,795
8$11,118,913$4,072,185$1,195,283$5,851,444
9$11,674,858$4,277,885$1,255,047$6,141,926
10$12,258,601$4,493,870$1,317,800$6,446,931
11$12,871,531$4,720,654$1,383,690$6,767,187
12$13,515,108$4,958,778$1,452,874$7,103,456
13$14,190,863$5,208,807$1,525,518$7,456,538
14$14,900,406$5,471,338$1,601,794$7,827,274
15$15,645,426$5,746,995$1,681,883$8,216,547
16$16,427,698$6,036,436$1,765,978$8,625,284
17$17,249,082$6,340,348$1,854,276$9,054,458
18$18,111,537$6,659,456$1,946,990$9,505,090
19$19,017,113$6,994,520$2,044,340$9,978,254
20$19,967,969$7,346,336$2,146,557$10,475,076
21$20,966,367$7,715,744$2,253,885$10,996,739
22$22,014,686$8,103,622$2,366,579$11,544,486
23$23,115,420$8,510,893$2,484,908$12,119,619
24$24,271,191$8,938,528$2,609,153$12,723,510
25$25,484,751$9,387,545$2,739,611$13,357,594
26$26,758,989$9,859,014$2,876,591$14,023,384
27$28,096,938$10,354,055$3,020,421$14,722,462
28$29,501,784$10,873,848$3,171,442$15,456,495
29$30,976,874$11,419,631$3,330,014$16,227,229
30$32,525,718$11,992,703$3,496,515$17,036,500
Total$525,000,001$192,995,631$56,437,503$275,566,867

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.