USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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The tax information provided here is based on 2022 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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,088,889$1,779,832$8,687,857
2$17,384,408$6,395,186$1,868,824$9,120,398
3$18,253,628$6,716,797$1,962,265$9,574,565
4$19,166,310$7,054,490$2,060,378$10,051,442
5$20,124,624$7,409,066$2,163,397$10,552,161
6$21,130,856$7,781,372$2,271,567$11,077,917
7$22,187,399$8,172,293$2,385,145$11,629,961
8$23,296,769$8,582,760$2,504,403$12,209,607
9$24,461,608$9,013,750$2,629,623$12,818,235
10$25,684,688$9,466,289$2,761,104$13,457,294
11$26,968,922$9,941,456$2,899,159$14,128,307
12$28,317,368$10,440,381$3,044,117$14,832,870
13$29,733,237$10,964,253$3,196,323$15,572,661
14$31,219,899$11,514,317$3,356,139$16,349,442
15$32,780,893$12,091,885$3,523,946$17,165,062
16$34,419,938$12,698,332$3,700,143$18,021,463
17$36,140,935$13,335,101$3,885,150$18,920,683
18$37,947,982$14,003,708$4,079,408$19,864,865
19$39,845,380$14,705,746$4,283,378$20,856,256
20$41,837,650$15,442,885$4,497,547$21,897,217
21$43,929,532$16,216,882$4,722,425$22,990,225
22$46,126,009$17,029,578$4,958,546$24,137,884
23$48,432,309$17,882,909$5,206,473$25,342,927
24$50,853,924$18,778,907$5,466,797$26,608,220
25$53,396,620$19,719,704$5,740,137$27,936,779
26$56,066,452$20,707,542$6,027,144$29,331,766
27$58,869,775$21,744,772$6,328,501$30,796,502
28$61,813,263$22,833,862$6,644,926$32,334,475
29$64,903,926$23,977,408$6,977,172$33,949,346
30$68,149,123$25,178,130$7,326,031$35,644,962
Total$1,100,000,002$405,888,650$118,250,000$575,861,349

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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.