USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Aug 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 $52,000,000 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, Aug 25, 2023
Jackpot:$52,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$247,777$84,138$450,760
2$821,808$262,257$88,344$471,207
3$862,899$277,460$92,762$492,677
4$906,044$293,424$97,400$515,220
5$951,346$310,186$102,270$538,890
6$998,913$327,786$107,383$563,744
7$1,048,859$346,266$112,752$589,841
8$1,101,302$365,669$118,390$617,242
9$1,156,367$386,044$124,309$646,014
10$1,214,185$407,436$130,525$676,224
11$1,274,895$429,899$137,051$707,945
12$1,338,639$453,484$143,904$741,251
13$1,405,571$478,249$151,099$776,223
14$1,475,850$504,252$158,654$812,944
15$1,549,642$531,555$166,587$851,500
16$1,627,124$560,224$174,916$891,985
17$1,708,481$590,326$183,662$934,493
18$1,793,905$621,932$192,845$979,127
19$1,883,600$655,120$202,487$1,025,993
20$1,977,780$689,966$212,611$1,075,202
21$2,076,669$726,555$223,242$1,126,872
22$2,180,502$764,974$234,404$1,181,125
23$2,289,527$805,313$246,124$1,238,090
24$2,404,004$847,669$258,430$1,297,904
25$2,524,204$892,143$271,352$1,360,709
26$2,650,414$938,841$284,920$1,426,654
27$2,782,935$987,874$299,165$1,495,896
28$2,922,082$1,039,358$314,124$1,568,600
29$3,068,186$1,093,416$329,830$1,644,939
30$3,221,595$1,150,178$346,321$1,725,096
Total$52,000,000$17,985,633$5,590,001$28,424,367

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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.