USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Aug 29, 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 $67,000,000 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, Aug 29, 2023
Jackpot:$67,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$331,313$108,408$568,725
2$1,058,868$349,969$113,828$595,071
3$1,111,812$369,558$119,520$622,734
4$1,167,403$390,127$125,496$651,780
5$1,225,773$411,724$131,771$682,278
6$1,287,061$434,400$138,359$714,302
7$1,351,414$458,211$145,277$747,926
8$1,418,985$483,212$152,541$783,232
9$1,489,934$509,463$160,168$820,303
10$1,564,431$537,027$168,176$859,227
11$1,642,653$565,969$176,585$900,098
12$1,724,785$596,358$185,414$943,012
13$1,811,024$628,267$194,685$988,073
14$1,901,576$661,771$204,419$1,035,386
15$1,996,654$696,950$214,640$1,085,064
16$2,096,487$733,888$225,372$1,137,227
17$2,201,311$772,673$236,641$1,191,997
18$2,311,377$813,397$248,473$1,249,507
19$2,426,946$856,158$260,897$1,309,891
20$2,548,293$901,056$273,942$1,373,295
21$2,675,708$948,200$287,639$1,439,870
22$2,809,493$997,700$302,021$1,509,772
23$2,949,968$1,049,676$317,122$1,583,170
24$3,097,466$1,104,250$332,978$1,660,238
25$3,252,340$1,161,553$349,627$1,741,160
26$3,414,957$1,221,722$367,108$1,826,127
27$3,585,704$1,284,898$385,463$1,915,343
28$3,764,990$1,351,234$404,736$2,009,019
29$3,953,239$1,420,886$424,973$2,107,380
30$4,150,901$1,494,021$446,222$2,210,658
Total$67,000,000$23,535,631$7,202,501$36,261,865

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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.