USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2022

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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 $87,000,000 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, Nov 1, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$140,769$726,013
2$1,374,949$466,919$147,807$760,223
3$1,443,696$492,355$155,197$796,143
4$1,515,881$519,064$162,957$833,860
5$1,591,675$547,107$171,105$873,462
6$1,671,259$576,553$179,660$915,045
7$1,754,822$607,472$188,643$958,707
8$1,842,563$639,936$198,075$1,004,551
9$1,934,691$674,023$207,979$1,052,688
10$2,031,425$709,815$218,378$1,103,232
11$2,132,997$747,396$229,297$1,156,303
12$2,239,646$786,857$240,762$1,212,027
13$2,351,629$828,290$252,800$1,270,538
14$2,469,210$871,796$265,440$1,331,975
15$2,592,671$917,476$278,712$1,396,483
16$2,722,304$965,440$292,648$1,464,216
17$2,858,419$1,015,803$307,280$1,535,336
18$3,001,340$1,068,684$322,644$1,610,013
19$3,151,407$1,124,208$338,776$1,688,423
20$3,308,978$1,182,510$355,715$1,770,753
21$3,474,427$1,243,726$373,501$1,857,200
22$3,648,148$1,308,002$392,176$1,947,970
23$3,830,555$1,375,493$411,785$2,043,277
24$4,022,083$1,446,358$432,374$2,143,351
25$4,223,187$1,520,767$453,993$2,248,428
26$4,434,347$1,598,896$476,692$2,358,758
27$4,656,064$1,680,931$500,527$2,474,606
28$4,888,867$1,767,069$525,553$2,596,245
29$5,133,311$1,857,513$551,831$2,723,967
30$5,389,976$1,952,479$579,422$2,858,075
Total$87,000,000$30,935,631$9,352,498$46,711,868

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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.