USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Dec 27, 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 $565,000,000 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, Dec 27, 2022
Jackpot:$565,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,504,061$3,104,690$914,187$4,485,184
2$8,929,264$3,262,015$959,896$4,707,353
3$9,375,727$3,427,207$1,007,891$4,940,630
4$9,844,514$3,600,658$1,058,285$5,185,571
5$10,336,739$3,782,781$1,111,199$5,442,758
6$10,853,576$3,974,011$1,166,759$5,712,806
7$11,396,255$4,174,802$1,225,097$5,996,356
8$11,966,068$4,385,633$1,286,352$6,294,083
9$12,564,371$4,607,005$1,350,670$6,606,696
10$13,192,590$4,839,446$1,418,203$6,934,940
11$13,852,219$5,083,509$1,489,114$7,279,597
12$14,544,830$5,339,775$1,563,569$7,641,486
13$15,272,071$5,608,854$1,641,748$8,021,470
14$16,035,675$5,891,388$1,723,835$8,420,453
15$16,837,459$6,188,047$1,810,027$8,839,384
16$17,679,332$6,499,541$1,900,528$9,279,263
17$18,563,298$6,826,608$1,995,555$9,741,136
18$19,491,463$7,170,029$2,095,332$10,226,102
19$20,466,036$7,530,621$2,200,099$10,735,316
20$21,489,338$7,909,243$2,310,104$11,269,991
21$22,563,805$8,306,796$2,425,609$11,831,400
22$23,691,995$8,724,226$2,546,889$12,420,880
23$24,876,595$9,162,528$2,674,234$13,039,833
24$26,120,425$9,622,745$2,807,946$13,689,734
25$27,426,446$10,105,973$2,948,343$14,372,130
26$28,797,769$10,613,362$3,095,760$15,088,646
27$30,237,657$11,146,121$3,250,548$15,840,988
28$31,749,539$11,705,517$3,413,075$16,630,947
29$33,337,016$12,292,884$3,583,729$17,460,403
30$35,003,868$12,909,619$3,762,916$18,331,333
Total$565,000,001$207,795,634$60,737,499$296,466,869

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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.