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 2026 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 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$384,773$124,588$649,600
2$1,216,909$406,213$130,818$679,877
3$1,277,754$428,726$137,359$711,669
4$1,341,642$452,365$144,226$745,051
5$1,408,724$477,185$151,438$780,101
6$1,479,160$503,246$159,010$816,904
7$1,553,118$530,611$166,960$855,547
8$1,630,774$559,344$175,308$896,122
9$1,712,313$589,513$184,074$938,726
10$1,797,928$621,191$193,277$983,460
11$1,887,825$654,452$202,941$1,030,431
12$1,982,216$689,377$213,088$1,079,750
13$2,081,327$726,048$223,743$1,131,536
14$2,185,393$764,553$234,930$1,185,911
15$2,294,663$804,982$246,676$1,243,004
16$2,409,396$847,434$259,010$1,302,952
17$2,529,865$892,007$271,961$1,365,897
18$2,656,359$938,810$285,559$1,431,990
19$2,789,177$987,953$299,836$1,501,388
20$2,928,635$1,039,552$314,828$1,574,255
21$3,075,067$1,093,732$330,570$1,650,765
22$3,228,821$1,150,621$347,098$1,731,102
23$3,390,262$1,210,354$364,453$1,815,454
24$3,559,775$1,273,074$382,676$1,904,025
25$3,737,763$1,338,930$401,810$1,997,024
26$3,924,652$1,408,078$421,900$2,094,673
27$4,120,884$1,480,684$442,995$2,197,205
28$4,326,928$1,556,921$465,145$2,304,863
29$4,543,275$1,636,969$488,402$2,417,904
30$4,770,439$1,721,020$512,822$2,536,597
Total$77,000,000$27,168,718$8,277,501$41,553,783

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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.