USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Apr 21, 2020

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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 $164,000,000 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, Apr 21, 2020
Jackpot:$164,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,468,435$869,278$265,357$1,333,800
2$2,591,857$914,944$278,625$1,398,288
3$2,721,450$962,894$292,556$1,466,000
4$2,857,523$1,013,241$307,184$1,537,098
5$3,000,399$1,066,105$322,543$1,611,751
6$3,150,419$1,121,612$338,670$1,690,136
7$3,307,940$1,179,895$355,603$1,772,441
8$3,473,336$1,241,092$373,384$1,858,861
9$3,647,003$1,305,348$392,053$1,949,602
10$3,829,353$1,372,818$411,655$2,044,880
11$4,020,821$1,443,661$432,238$2,144,922
12$4,221,862$1,518,046$453,850$2,249,966
13$4,432,955$1,596,151$476,543$2,360,262
14$4,654,603$1,678,160$500,370$2,476,073
15$4,887,333$1,764,271$525,388$2,597,674
16$5,131,700$1,854,686$551,658$2,725,356
17$5,388,285$1,949,623$579,241$2,859,422
18$5,657,699$2,049,306$608,203$3,000,191
19$5,940,584$2,153,973$638,613$3,147,998
20$6,237,613$2,263,874$670,543$3,303,196
21$6,549,494$2,379,270$704,071$3,466,153
22$6,876,969$2,500,436$739,274$3,637,259
23$7,220,817$2,627,660$776,238$3,816,920
24$7,581,858$2,761,245$815,050$4,005,563
25$7,960,951$2,901,509$855,802$4,203,639
26$8,358,998$3,048,787$898,592$4,411,619
27$8,776,948$3,203,428$943,522$4,629,998
28$9,215,796$3,365,802$990,698$4,859,296
29$9,676,585$3,536,294$1,040,233$5,100,059
30$10,160,415$3,715,311$1,092,245$5,352,859
Total$164,000,000$59,358,720$17,630,002$87,011,282

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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.