USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 2014

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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 $33,000,000 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, Sep 5, 2014
Jackpot:$33,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$496,697$144,219$53,395$299,084
2$521,532$152,911$56,065$312,556
3$547,609$162,038$58,868$326,703
4$574,989$171,621$61,811$341,557
5$603,739$181,683$64,902$357,154
6$633,926$192,740$68,147$373,038
7$665,622$204,468$71,554$389,600
8$698,903$216,782$75,132$406,989
9$733,848$229,712$78,889$425,248
10$770,541$243,288$82,833$444,420
11$809,068$257,543$86,975$464,550
12$849,521$272,511$91,324$485,687
13$891,997$288,227$95,890$507,881
14$936,597$304,729$100,684$531,184
15$983,427$322,056$105,718$555,653
16$1,032,598$340,249$111,004$581,345
17$1,084,228$359,352$116,555$608,321
18$1,138,439$379,410$122,382$636,647
19$1,195,361$400,471$128,501$666,389
20$1,255,129$422,586$134,926$697,617
21$1,317,886$445,806$141,673$730,408
22$1,383,780$470,186$148,756$764,837
23$1,452,969$495,786$156,194$800,989
24$1,525,618$522,666$164,004$838,948
25$1,601,899$550,890$172,204$878,804
26$1,681,994$580,525$180,814$920,654
27$1,766,093$611,642$189,855$964,596
28$1,854,398$644,315$199,348$1,010,735
29$1,947,118$678,621$209,315$1,059,181
30$2,044,474$714,643$219,781$1,110,050
Total$33,000,000$10,961,676$3,547,499$18,490,825

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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.