USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jul 14, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $560,000,000 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, Jul 14, 2023
Jackpot:$560,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,428,804$3,076,845$906,096$4,445,862
2$8,850,244$3,232,778$951,401$4,666,065
3$9,292,756$3,396,507$998,971$4,897,277
4$9,757,394$3,568,424$1,048,920$5,140,051
5$10,245,263$3,748,935$1,101,366$5,394,962
6$10,757,527$3,938,473$1,156,434$5,662,620
7$11,295,403$4,137,487$1,214,256$5,943,660
8$11,860,173$4,346,452$1,274,969$6,238,753
9$12,453,182$4,565,865$1,338,717$6,548,600
10$13,075,841$4,796,249$1,405,653$6,873,939
11$13,729,633$5,038,152$1,475,936$7,215,546
12$14,416,115$5,292,150$1,549,732$7,574,232
13$15,136,920$5,558,848$1,627,219$7,950,853
14$15,893,767$5,838,881$1,708,580$8,346,305
15$16,688,455$6,132,916$1,794,009$8,761,530
16$17,522,878$6,441,652$1,883,709$9,197,516
17$18,399,021$6,765,826$1,977,895$9,655,301
18$19,318,972$7,106,208$2,076,790$10,135,975
19$20,284,921$7,463,608$2,180,629$10,640,683
20$21,299,167$7,838,880$2,289,660$11,170,627
21$22,364,125$8,232,914$2,404,143$11,727,068
22$23,482,332$8,646,650$2,524,351$12,311,331
23$24,656,448$9,081,074$2,650,568$12,924,806
24$25,889,270$9,537,218$2,783,097$13,568,956
25$27,183,734$10,016,169$2,922,251$14,245,313
26$28,542,921$10,519,069$3,068,364$14,955,489
27$29,970,067$11,047,113$3,221,782$15,701,172
28$31,468,570$11,601,559$3,382,871$16,484,140
29$33,041,999$12,183,727$3,552,015$17,306,257
30$34,694,099$12,795,004$3,729,616$18,169,479
Total$560,000,001$205,945,633$60,200,000$293,854,368

◄ Back to Jackpot Analysis

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.