USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Dec 1, 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 $355,000,000 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:Fri, Dec 1, 2023
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,935,194$574,400$2,833,665
2$5,610,422$2,034,044$603,120$2,973,258
3$5,890,943$2,137,837$633,276$3,119,830
4$6,185,491$2,246,819$664,940$3,273,731
5$6,494,765$2,361,251$698,187$3,435,327
6$6,819,503$2,481,404$733,097$3,605,003
7$7,160,479$2,607,565$769,751$3,783,162
8$7,518,503$2,740,034$808,239$3,970,230
9$7,894,428$2,879,126$848,651$4,166,651
10$8,289,149$3,025,173$891,084$4,372,893
11$8,703,607$3,178,522$935,638$4,589,447
12$9,138,787$3,339,539$982,420$4,816,828
13$9,595,726$3,508,606$1,031,541$5,055,579
14$10,075,513$3,686,127$1,083,118$5,306,268
15$10,579,288$3,872,524$1,137,273$5,569,490
16$11,108,253$4,068,241$1,194,137$5,845,874
17$11,663,665$4,273,744$1,253,844$6,136,077
18$12,246,849$4,489,522$1,316,536$6,440,791
19$12,859,191$4,716,088$1,382,363$6,760,740
20$13,502,151$4,953,983$1,451,481$7,096,686
21$14,177,258$5,203,773$1,524,055$7,449,430
22$14,886,121$5,466,052$1,600,258$7,819,810
23$15,630,427$5,741,446$1,680,271$8,208,710
24$16,411,948$6,030,609$1,764,284$8,617,055
25$17,232,546$6,334,230$1,852,499$9,045,817
26$18,094,173$6,653,032$1,945,124$9,496,018
27$18,998,882$6,987,774$2,042,380$9,968,728
28$19,948,826$7,339,253$2,144,499$10,465,074
29$20,946,267$7,708,307$2,251,724$10,986,237
30$21,993,581$8,095,813$2,364,310$11,533,458
Total$355,000,001$130,095,632$38,162,500$186,741,867

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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.