USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Aug 18, 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 $19,000,000 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, Aug 18, 1998
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$69,639$30,743$185,595
2$300,276$74,644$32,280$193,353
3$315,290$79,899$33,894$201,498
4$331,054$85,416$35,588$210,050
5$347,607$91,210$37,368$219,030
6$364,988$97,293$39,236$228,458
7$383,237$103,680$41,198$238,359
8$402,399$110,387$43,258$248,754
9$422,519$117,429$45,421$259,669
10$443,645$124,823$47,692$271,130
11$465,827$132,587$50,076$283,164
12$489,118$140,739$52,580$295,799
13$513,574$149,298$55,209$309,067
14$539,253$158,286$57,970$322,997
15$566,215$167,723$60,868$337,625
16$594,526$177,631$63,912$352,983
17$624,253$188,036$67,107$369,110
18$655,465$199,542$70,463$385,460
19$688,238$211,668$73,986$402,584
20$722,650$224,401$77,685$420,565
21$758,783$237,770$81,569$439,444
22$796,722$251,807$85,648$459,267
23$836,558$266,547$89,930$480,081
24$878,386$282,023$94,426$501,936
25$922,305$298,273$99,148$524,884
26$968,421$315,336$104,105$548,979
27$1,016,842$333,252$109,310$574,279
28$1,067,684$352,063$114,776$600,844
29$1,121,068$371,815$120,515$628,738
30$1,177,121$392,555$126,541$658,026
Total$19,000,000$5,805,772$2,042,502$11,151,728

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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.