USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Feb 17, 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 $17,000,000 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, Feb 17, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$27,506$168,437
2$268,668$64,409$28,882$175,378
3$282,102$69,110$30,326$182,665
4$296,207$74,047$31,842$190,317
5$311,017$79,231$33,434$198,352
6$326,568$84,673$35,106$206,788
7$342,896$90,388$36,861$215,646
8$360,041$96,389$38,704$224,947
9$378,043$102,690$40,640$234,714
10$396,945$109,306$42,672$244,968
11$416,792$116,252$44,805$255,735
12$437,632$123,546$47,045$267,041
13$459,514$131,205$49,398$278,911
14$482,489$139,246$51,868$291,376
15$506,614$147,690$54,461$304,463
16$531,945$156,555$57,184$318,205
17$558,542$165,864$60,043$332,634
18$586,469$175,639$63,045$347,785
19$615,792$186,031$66,198$363,564
20$646,582$197,423$69,508$379,651
21$678,911$209,385$72,983$396,543
22$712,856$221,945$76,632$414,280
23$748,499$235,132$80,464$432,903
24$785,924$248,980$84,487$452,458
25$825,220$263,519$88,711$472,990
26$866,482$278,786$93,147$494,549
27$909,806$294,816$97,804$517,186
28$955,296$311,647$102,694$540,954
29$1,003,061$329,320$107,829$565,911
30$1,053,214$347,877$113,220$592,116
Total$17,000,000$5,111,032$1,827,499$10,061,467

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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.