USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2023

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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 $315,000,000 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, Oct 3, 2023
Jackpot:$315,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,741,202$1,712,432$509,679$2,519,090
2$4,978,262$1,800,145$535,163$2,642,954
3$5,227,175$1,892,243$561,921$2,773,011
4$5,488,534$1,988,945$590,017$2,909,571
5$5,762,961$2,090,483$619,518$3,052,959
6$6,051,109$2,197,098$650,494$3,203,517
7$6,353,664$2,309,044$683,019$3,361,602
8$6,671,348$2,426,586$717,170$3,527,591
9$7,004,915$2,550,006$753,028$3,701,880
10$7,355,161$2,679,597$790,680$3,884,884
11$7,722,919$2,815,668$830,214$4,077,037
12$8,109,065$2,958,542$871,724$4,278,798
13$8,514,518$3,108,559$915,311$4,490,648
14$8,940,244$3,266,078$961,076$4,713,090
15$9,387,256$3,431,472$1,009,130$4,946,653
16$9,856,619$3,605,137$1,059,587$5,191,896
17$10,349,449$3,787,484$1,112,566$5,449,400
18$10,866,922$3,978,949$1,168,194$5,719,779
19$11,410,268$4,179,987$1,226,604$6,003,677
20$11,980,782$4,391,077$1,287,934$6,301,771
21$12,579,820$4,612,721$1,352,331$6,614,768
22$13,208,812$4,845,448$1,419,947$6,943,416
23$13,869,252$5,089,811$1,490,945$7,288,497
24$14,562,715$5,346,392$1,565,492$7,650,831
25$15,290,850$5,615,802$1,643,766$8,031,282
26$16,055,393$5,898,683$1,725,955$8,430,755
27$16,858,163$6,195,708$1,812,252$8,850,202
28$17,701,071$6,507,584$1,902,865$9,290,622
29$18,586,124$6,835,054$1,998,008$9,753,062
30$19,515,431$7,178,897$2,097,909$10,238,625
Total$315,000,001$115,295,632$33,862,499$165,841,868

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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.