USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Nov 21, 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 $15,000,000 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 21, 1997
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$24,270$152,191
2$237,060$52,922$25,484$158,654
3$248,913$56,715$26,758$165,440
4$261,359$61,023$28,096$172,240
5$274,427$65,597$29,501$179,329
6$288,148$70,399$30,976$186,773
7$302,555$75,442$32,525$194,589
8$317,683$80,736$34,151$202,796
9$333,567$86,296$35,858$211,413
10$350,246$92,133$37,651$220,461
11$367,758$98,263$39,534$229,961
12$386,146$104,698$41,511$239,937
13$405,453$111,456$43,586$250,411
14$425,726$118,551$45,766$261,409
15$447,012$126,002$48,054$272,957
16$469,363$133,824$50,457$285,082
17$492,831$142,038$52,979$297,814
18$517,472$150,663$55,628$311,182
19$543,346$159,718$58,410$325,218
20$570,513$169,227$61,330$339,956
21$599,039$179,211$64,397$355,431
22$628,991$189,747$67,617$371,628
23$660,441$201,383$70,997$388,060
24$693,463$213,601$74,547$405,314
25$728,136$226,430$78,275$423,431
26$764,543$239,901$82,188$442,453
27$802,770$254,045$86,298$462,427
28$842,908$268,896$90,613$483,399
29$885,054$284,490$95,143$505,420
30$929,306$300,864$99,900$528,542
Total$15,000,000$4,363,581$1,612,500$9,023,918

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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.