USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Nov 27, 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 $5,000,000 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 27, 1998
Jackpot:$5,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$75,257$11,610$8,090$55,557
2$79,020$12,437$8,495$58,088
3$82,971$13,307$8,919$60,745
4$87,120$14,219$9,365$63,535
5$91,476$15,178$9,834$66,464
6$96,049$16,184$10,325$69,540
7$100,852$17,247$10,842$72,763
8$105,894$18,457$11,384$76,054
9$111,189$19,728$11,953$79,508
10$116,749$21,062$12,550$83,136
11$122,586$22,463$13,178$86,945
12$128,715$23,934$13,837$90,944
13$135,151$25,479$14,529$95,144
14$141,909$27,101$15,255$99,553
15$149,004$28,803$16,018$104,183
16$156,454$30,592$16,819$109,044
17$164,277$32,469$17,660$114,148
18$172,491$34,440$18,543$119,508
19$181,115$36,510$19,470$125,135
20$190,171$38,684$20,443$131,044
21$199,680$41,584$21,466$136,630
22$209,664$44,779$22,539$142,346
23$220,147$48,133$23,666$148,348
24$231,154$51,656$24,849$154,649
25$242,712$55,354$26,092$161,266
26$254,848$59,571$27,396$167,880
27$267,590$64,031$28,766$174,793
28$280,969$68,714$30,204$182,051
29$295,018$73,631$31,714$189,672
30$309,769$78,794$33,300$197,675
Total$5,000,000$1,046,151$537,501$3,416,348

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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.