USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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The tax information provided here is based on 2021 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 $140,000,000 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 prize money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Fri, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$188,594$1,174,870
2$2,212,561$782,720$198,024$1,231,817
3$2,323,189$823,652$207,925$1,291,611
4$2,439,349$866,631$218,322$1,354,396
5$2,561,316$911,759$229,238$1,420,319
6$2,689,382$959,143$240,700$1,489,539
7$2,823,851$1,008,897$252,735$1,562,219
8$2,965,043$1,061,138$265,371$1,638,534
9$3,113,296$1,115,992$278,640$1,718,664
10$3,268,960$1,173,588$292,572$1,802,801
11$3,432,408$1,234,063$307,201$1,891,144
12$3,604,029$1,297,563$322,561$1,983,905
13$3,784,230$1,364,237$338,689$2,081,304
14$3,973,442$1,434,246$355,623$2,183,573
15$4,172,114$1,507,754$373,404$2,290,955
16$4,380,719$1,584,938$392,074$2,403,707
17$4,599,755$1,665,982$411,678$2,522,095
18$4,829,743$1,751,077$432,262$2,646,404
19$5,071,230$1,840,427$453,875$2,776,928
20$5,324,792$1,934,245$476,569$2,913,978
21$5,591,031$2,032,754$500,397$3,057,880
22$5,870,583$2,136,188$525,417$3,208,978
23$6,164,112$2,244,794$551,688$3,367,630
24$6,472,318$2,358,830$579,272$3,534,215
25$6,795,933$2,478,568$608,236$3,709,130
26$7,135,730$2,604,292$638,648$3,892,790
27$7,492,517$2,736,303$670,580$4,085,633
28$7,867,143$2,874,915$704,109$4,288,118
29$8,260,500$3,020,457$739,315$4,500,728
30$8,673,525$3,173,276$776,280$4,723,968
Total$140,000,000$50,722,166$12,529,999$76,747,833

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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.