USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 1998

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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 $14,000,000 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, Jan 9, 1998
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$45,117$22,652$142,951
2$221,256$48,488$23,785$148,983
3$232,319$52,029$24,974$155,316
4$243,935$55,752$26,223$161,960
5$256,132$60,021$27,534$168,577
6$268,938$64,503$28,911$175,524
7$282,385$69,210$30,356$182,819
8$296,504$74,151$31,874$190,479
9$311,330$79,340$33,468$198,522
10$326,896$84,788$35,141$206,966
11$343,241$90,509$36,898$215,833
12$360,403$96,516$38,743$225,144
13$378,423$102,823$40,680$234,920
14$397,344$109,445$42,714$245,184
15$417,211$116,399$44,850$255,962
16$438,072$123,700$47,093$267,279
17$459,976$131,366$49,447$279,162
18$482,974$139,416$51,920$291,639
19$507,123$147,868$54,516$304,739
20$532,479$156,742$57,242$318,495
21$559,103$166,061$60,104$332,939
22$587,058$175,845$63,109$348,104
23$616,411$186,260$66,264$363,887
24$647,232$197,664$69,577$379,991
25$679,593$209,637$73,056$396,900
26$713,573$222,210$76,709$414,654
27$749,252$235,411$80,545$433,296
28$786,714$249,272$84,572$452,870
29$826,050$263,826$88,800$473,423
30$867,352$279,108$93,240$495,004
Total$14,000,000$4,033,477$1,504,997$8,461,522

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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.