USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 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 $830,000,000 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, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,580,483$1,342,964$6,569,243
2$13,117,326$4,811,598$1,410,113$6,895,615
3$13,773,192$5,054,269$1,480,618$7,238,305
4$14,461,852$5,309,073$1,554,649$7,598,130
5$15,184,944$5,576,617$1,632,381$7,975,945
6$15,944,191$5,857,539$1,714,001$8,372,652
7$16,741,401$6,152,506$1,799,701$8,789,194
8$17,578,471$6,462,222$1,889,686$9,226,563
9$18,457,395$6,787,424$1,984,170$9,685,801
10$19,380,264$7,128,886$2,083,378$10,168,000
11$20,349,278$7,487,420$2,187,547$10,674,310
12$21,366,741$7,863,882$2,296,925$11,205,935
13$22,435,078$8,259,167$2,411,771$11,764,141
14$23,556,833$8,674,216$2,532,360$12,350,257
15$24,734,674$9,110,017$2,658,977$12,965,679
16$25,971,408$9,567,609$2,791,926$13,611,873
17$27,269,978$10,048,080$2,931,523$14,290,376
18$28,633,477$10,552,574$3,078,099$15,002,804
19$30,065,151$11,082,293$3,232,004$15,750,853
20$31,568,408$11,638,499$3,393,604$16,536,306
21$33,146,829$12,222,514$3,563,284$17,361,030
22$34,804,170$12,835,731$3,741,448$18,226,991
23$36,544,379$13,479,608$3,928,521$19,136,250
24$38,371,597$14,155,679$4,124,947$20,090,972
25$40,290,177$14,865,553$4,331,194$21,093,430
26$42,304,687$15,610,922$4,547,754$22,146,011
27$44,419,921$16,393,558$4,775,141$23,251,221
28$46,640,916$17,215,327$5,013,898$24,411,691
29$48,972,962$18,078,184$5,264,593$25,630,185
30$51,421,611$18,984,184$5,527,823$26,909,604
Total$830,000,002$305,845,634$89,225,000$434,929,367

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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.