USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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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 $77,000,000 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:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$124,588$642,602
2$1,216,909$413,211$130,818$672,880
3$1,277,754$435,724$137,359$704,671
4$1,341,642$459,362$144,226$738,053
5$1,408,724$484,183$151,438$773,103
6$1,479,160$510,244$159,010$809,906
7$1,553,118$537,609$166,960$848,549
8$1,630,774$566,341$175,308$889,124
9$1,712,313$596,511$184,074$931,728
10$1,797,928$628,188$193,277$976,462
11$1,887,825$661,450$202,941$1,023,433
12$1,982,216$696,375$213,088$1,072,753
13$2,081,327$733,046$223,743$1,124,538
14$2,185,393$771,550$234,930$1,178,913
15$2,294,663$811,980$246,676$1,236,006
16$2,409,396$854,431$259,010$1,295,954
17$2,529,865$899,005$271,961$1,358,900
18$2,656,359$945,808$285,559$1,424,992
19$2,789,177$994,950$299,836$1,494,390
20$2,928,635$1,046,550$314,828$1,567,257
21$3,075,067$1,100,730$330,570$1,643,768
22$3,228,821$1,157,619$347,098$1,724,104
23$3,390,262$1,217,352$364,453$1,808,457
24$3,559,775$1,280,072$382,676$1,897,027
25$3,737,763$1,345,927$401,810$1,990,026
26$3,924,652$1,415,076$421,900$2,087,675
27$4,120,884$1,487,682$442,995$2,190,207
28$4,326,928$1,563,918$465,145$2,297,865
29$4,543,275$1,643,967$488,402$2,410,906
30$4,770,439$1,728,017$512,822$2,529,599
Total$77,000,000$27,378,648$8,277,501$41,343,848

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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.