USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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The tax information provided here is based on 2022 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 $380,000,000 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 prize money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Tue, Jan 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,079,187$614,851$3,025,507
2$6,005,523$2,184,998$645,594$3,174,931
3$6,305,799$2,296,101$677,873$3,331,825
4$6,621,089$2,412,758$711,767$3,496,564
5$6,952,143$2,535,248$747,355$3,669,540
6$7,299,750$2,663,863$784,723$3,851,164
7$7,664,738$2,798,908$823,959$4,041,871
8$8,047,975$2,940,706$865,157$4,242,112
9$8,450,374$3,089,593$908,415$4,452,365
10$8,872,892$3,245,925$953,836$4,673,131
11$9,316,537$3,410,074$1,001,528$4,904,935
12$9,782,364$3,582,430$1,051,604$5,148,330
13$10,271,482$3,763,403$1,104,184$5,403,894
14$10,785,056$3,953,426$1,159,394$5,672,237
15$11,324,309$4,152,949$1,217,363$5,953,996
16$11,890,524$4,362,449$1,278,231$6,249,844
17$12,485,050$4,582,424$1,342,143$6,560,484
18$13,109,303$4,813,397$1,409,250$6,886,656
19$13,764,768$5,055,919$1,479,713$7,229,136
20$14,453,006$5,310,567$1,553,698$7,588,741
21$15,175,656$5,577,948$1,631,383$7,966,325
22$15,934,439$5,858,698$1,712,952$8,362,790
23$16,731,161$6,153,485$1,798,600$8,779,077
24$17,567,719$6,463,011$1,888,530$9,216,178
25$18,446,105$6,788,014$1,982,956$9,675,135
26$19,368,411$7,129,267$2,082,104$10,157,040
27$20,336,831$7,487,583$2,186,209$10,663,039
28$21,353,673$7,863,814$2,295,520$11,194,339
29$22,421,356$8,258,857$2,410,296$11,752,204
30$23,542,424$8,673,652$2,530,811$12,337,962
Total$380,000,001$139,488,654$40,849,999$199,661,352

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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.