USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Dec 29, 1998

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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 $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:Tue, Dec 29, 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$44,493$22,652$143,574
2$221,256$47,865$23,785$149,606
3$232,319$51,405$24,974$155,940
4$243,935$55,122$26,223$162,590
5$256,132$59,193$27,534$169,404
6$268,938$63,676$28,911$176,352
7$282,385$68,382$30,356$183,647
8$296,504$73,324$31,874$191,306
9$311,330$78,513$33,468$199,349
10$326,896$83,961$35,141$207,794
11$343,241$89,682$36,898$216,661
12$360,403$95,688$38,743$225,971
13$378,423$101,995$40,680$235,747
14$397,344$108,618$42,714$246,012
15$417,211$115,571$44,850$256,790
16$438,072$122,872$47,093$268,107
17$459,976$130,539$49,447$279,989
18$482,974$138,588$51,920$292,466
19$507,123$147,040$54,516$305,567
20$532,479$155,915$57,242$319,323
21$559,103$165,233$60,104$333,766
22$587,058$175,018$63,109$348,932
23$616,411$185,291$66,264$364,856
24$647,232$196,496$69,577$381,158
25$679,593$208,470$73,056$398,067
26$713,573$221,042$76,709$415,822
27$749,252$234,243$80,545$434,464
28$786,714$248,105$84,572$454,038
29$826,050$262,659$88,800$474,591
30$867,352$277,941$93,240$496,171
Total$14,000,000$4,006,940$1,504,997$8,488,060

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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.