USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 $850,000,000 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 prize money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$1,145,038$6,950,933
2$13,433,406$4,934,432$1,202,290$7,296,684
3$14,105,076$5,182,950$1,262,404$7,659,721
4$14,810,330$5,443,894$1,325,525$8,040,911
5$15,550,846$5,717,885$1,391,801$8,441,160
6$16,328,389$6,005,576$1,461,391$8,861,422
7$17,144,809$6,307,651$1,534,460$9,302,697
8$18,002,049$6,624,830$1,611,183$9,766,035
9$18,902,151$6,957,868$1,691,743$10,252,541
10$19,847,259$7,307,558$1,776,330$10,763,371
11$20,839,622$7,674,732$1,865,146$11,299,743
12$21,881,603$8,060,265$1,958,403$11,862,934
13$22,975,683$8,465,075$2,056,324$12,454,284
14$24,124,467$8,890,125$2,159,140$13,075,202
15$25,330,690$9,336,428$2,267,097$13,727,166
16$26,597,225$9,805,046$2,380,452$14,411,728
17$27,927,086$10,297,094$2,499,474$15,130,518
18$29,323,440$10,813,745$2,624,448$15,885,247
19$30,789,612$11,356,229$2,755,670$16,677,713
20$32,329,093$11,925,837$2,893,454$17,509,802
21$33,945,547$12,523,925$3,038,126$18,383,496
22$35,642,825$13,151,917$3,190,033$19,300,875
23$37,424,966$13,811,310$3,349,534$20,264,122
24$39,296,214$14,503,671$3,517,011$21,275,531
25$41,261,025$15,230,651$3,692,862$22,337,512
26$43,324,077$15,993,981$3,877,505$23,452,591
27$45,490,280$16,795,476$4,071,380$24,623,424
28$47,764,794$17,637,046$4,274,949$25,852,799
29$50,153,034$18,520,695$4,488,697$27,143,642
30$52,660,686$19,448,526$4,713,131$28,499,028
Total$850,000,002$313,422,167$76,075,001$460,502,832

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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.