USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jan 26, 1999

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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 $40,000,000 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, Jan 26, 1999
Jackpot:$40,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$602,057$181,095$64,721$356,241
2$632,160$192,087$67,957$372,116
3$663,768$203,782$71,355$388,631
4$696,957$216,062$74,923$405,972
5$731,805$228,955$78,669$424,180
6$768,395$242,494$82,602$443,299
7$806,815$256,709$86,733$463,373
8$847,155$271,635$91,069$484,451
9$889,513$287,308$95,623$506,583
10$933,989$303,764$100,404$529,821
11$980,688$321,042$105,424$554,222
12$1,029,722$339,185$110,695$579,842
13$1,081,209$358,235$116,230$606,744
14$1,135,269$378,237$122,041$634,990
15$1,192,032$399,240$128,143$664,649
16$1,251,634$421,292$134,551$695,791
17$1,314,216$444,448$141,278$728,490
18$1,379,927$468,761$148,342$762,824
19$1,448,923$494,289$155,759$798,874
20$1,521,369$521,094$163,547$836,728
21$1,597,438$549,240$171,725$876,473
22$1,677,309$578,792$180,311$918,206
23$1,761,175$609,822$189,326$962,026
24$1,849,234$642,404$198,793$1,008,037
25$1,941,695$676,615$208,732$1,056,348
26$2,038,780$712,536$219,169$1,107,075
27$2,140,719$750,254$230,127$1,160,338
28$2,247,755$789,857$241,634$1,216,264
29$2,360,143$831,441$253,715$1,274,987
30$2,478,150$875,103$266,401$1,336,646
Total$40,000,000$13,545,778$4,299,999$22,154,221

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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.