USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Nov 14, 1997

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The tax information provided here is based on 2025 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 $11,000,000 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, Nov 14, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,583$17,798$115,185
2$173,844$34,570$18,688$120,586
3$182,536$36,656$19,623$126,258
4$191,663$38,846$20,604$132,213
5$201,246$41,462$21,634$138,150
6$211,309$44,682$22,716$143,911
7$221,874$48,063$23,851$149,960
8$232,968$51,613$25,044$156,311
9$244,616$55,340$26,296$162,980
10$256,847$59,444$27,611$169,792
11$269,689$63,938$28,992$176,759
12$283,174$68,658$30,441$184,074
13$297,332$73,614$31,963$191,756
14$312,199$78,817$33,561$199,821
15$327,809$84,280$35,239$208,289
16$344,199$90,017$37,001$217,181
17$361,409$96,041$38,852$226,517
18$379,480$102,365$40,794$236,321
19$398,454$109,006$42,834$246,614
20$418,376$115,979$44,975$257,422
21$439,295$123,301$47,224$268,770
22$461,260$130,988$49,585$280,686
23$484,323$139,060$52,065$293,198
24$508,539$147,536$54,668$306,335
25$533,966$156,435$57,401$320,129
26$560,665$165,780$60,271$334,613
27$588,698$175,591$63,285$349,821
28$618,133$185,894$66,449$365,790
29$649,039$197,165$69,772$382,103
30$681,491$209,172$73,260$399,059
Total$11,000,000$2,956,896$1,182,497$6,860,604

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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.