USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

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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 $516,000,000 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, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$834,903$4,099,830
2$8,154,868$2,975,489$876,648$4,302,731
3$8,562,611$3,126,354$920,481$4,515,776
4$8,990,742$3,284,762$966,505$4,739,475
5$9,440,278$3,451,091$1,014,830$4,974,358
6$9,912,292$3,625,736$1,065,571$5,220,985
7$10,407,907$3,809,113$1,118,850$5,479,944
8$10,928,303$4,001,660$1,174,793$5,751,850
9$11,474,718$4,203,833$1,233,532$6,037,352
10$12,048,453$4,416,116$1,295,209$6,337,129
11$12,650,876$4,639,012$1,359,969$6,651,895
12$13,283,420$4,873,053$1,427,968$6,982,399
13$13,947,591$5,118,796$1,499,366$7,329,429
14$14,644,971$5,376,827$1,574,334$7,693,809
15$15,377,219$5,647,759$1,653,051$8,076,409
16$16,146,080$5,932,237$1,735,704$8,478,139
17$16,953,384$6,230,940$1,822,489$8,899,955
18$17,801,053$6,544,577$1,913,613$9,342,863
19$18,691,106$6,873,897$2,009,294$9,807,915
20$19,625,661$7,219,682$2,109,759$10,296,220
21$20,606,944$7,582,757$2,215,246$10,808,940
22$21,637,291$7,963,986$2,326,009$11,347,297
23$22,719,156$8,364,275$2,442,309$11,912,571
24$23,855,113$8,784,580$2,564,425$12,506,109
25$25,047,869$9,225,899$2,692,646$13,129,324
26$26,300,263$9,689,285$2,827,278$13,783,700
27$27,615,276$10,175,840$2,968,642$14,470,794
28$28,996,040$10,686,722$3,117,074$15,192,243
29$30,445,842$11,223,149$3,272,928$15,949,764
30$31,968,134$11,786,397$3,436,574$16,745,162
Total$516,000,001$189,665,632$55,470,000$270,864,367

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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.