USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Sep 24, 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 $160,000,000 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, Sep 24, 2013
Jackpot:$160,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,408,230$847,002$258,885$1,302,343
2$2,528,641$891,554$271,829$1,365,258
3$2,655,073$938,334$285,420$1,431,318
4$2,787,827$987,453$299,691$1,500,682
5$2,927,218$1,039,028$314,676$1,573,514
6$3,073,579$1,093,181$330,410$1,649,988
7$3,227,258$1,150,043$346,930$1,730,285
8$3,388,621$1,209,747$364,277$1,814,597
9$3,558,052$1,272,436$382,491$1,903,125
10$3,735,955$1,338,260$401,615$1,996,079
11$3,922,752$1,407,376$421,696$2,093,681
12$4,118,890$1,479,947$442,781$2,196,163
13$4,324,834$1,556,146$464,920$2,303,769
14$4,541,076$1,636,155$488,166$2,416,755
15$4,768,130$1,720,165$512,574$2,535,391
16$5,006,536$1,808,376$538,203$2,659,958
17$5,256,863$1,900,997$565,113$2,790,754
18$5,519,706$1,998,249$593,368$2,928,089
19$5,795,692$2,100,363$623,037$3,072,292
20$6,085,476$2,207,583$654,189$3,223,704
21$6,389,750$2,320,165$686,898$3,382,687
22$6,709,238$2,438,375$721,243$3,549,619
23$7,044,700$2,562,496$757,305$3,724,898
24$7,396,934$2,692,823$795,170$3,908,941
25$7,766,781$2,829,666$834,929$4,102,186
26$8,155,120$2,973,352$876,675$4,305,093
27$8,562,876$3,124,221$920,509$4,518,146
28$8,991,020$3,282,635$966,535$4,741,851
29$9,440,571$3,448,969$1,014,861$4,976,741
30$9,912,600$3,623,619$1,065,604$5,223,376
Total$160,000,000$57,878,716$17,200,000$84,921,283

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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.