USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Jul 25, 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 $820,000,000 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 25, 2023
Jackpot:$820,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,342,177$4,524,793$1,326,784$6,490,600
2$12,959,286$4,753,123$1,393,123$6,813,039
3$13,607,250$4,992,870$1,462,779$7,151,600
4$14,287,613$5,244,604$1,535,918$7,507,090
5$15,001,993$5,508,925$1,612,714$7,880,353
6$15,752,093$5,786,462$1,693,350$8,272,281
7$16,539,698$6,077,876$1,778,017$8,683,804
8$17,366,682$6,383,860$1,866,918$9,115,904
9$18,235,017$6,705,144$1,960,264$9,569,608
10$19,146,767$7,042,492$2,058,277$10,045,998
11$20,104,106$7,396,707$2,161,191$10,546,207
12$21,109,311$7,768,633$2,269,251$11,071,427
13$22,164,776$8,159,155$2,382,713$11,622,908
14$23,273,015$8,569,203$2,501,849$12,201,963
15$24,436,666$8,999,754$2,626,942$12,809,970
16$25,658,499$9,451,833$2,758,289$13,448,378
17$26,941,424$9,926,515$2,896,203$14,118,706
18$28,288,495$10,424,931$3,041,013$14,822,551
19$29,702,920$10,948,268$3,193,064$15,561,588
20$31,188,066$11,497,772$3,352,717$16,337,577
21$32,747,469$12,074,751$3,520,353$17,152,365
22$34,384,843$12,680,580$3,696,371$18,007,893
23$36,104,085$13,316,699$3,881,189$18,906,197
24$37,909,289$13,984,625$4,075,249$19,849,416
25$39,804,753$14,685,946$4,279,011$20,839,796
26$41,794,992$15,422,335$4,492,962$21,879,695
27$43,884,741$16,195,542$4,717,610$22,971,589
28$46,078,978$17,007,409$4,953,490$24,118,078
29$48,382,927$17,859,871$5,201,165$25,321,891
30$50,802,073$18,754,955$5,461,223$26,585,896
Total$820,000,002$302,145,633$88,149,999$429,704,368

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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.