USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Aug 4, 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 $1,350,000,000 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 4, 2023
Jackpot:$1,350,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,319,437$7,476,380$2,184,340$10,658,718
2$21,335,409$7,852,289$2,293,557$11,189,564
3$22,402,179$8,246,994$2,408,234$11,746,951
4$23,522,289$8,661,435$2,528,646$12,332,208
5$24,698,403$9,096,597$2,655,078$12,946,728
6$25,933,323$9,553,517$2,787,832$13,591,974
7$27,229,990$10,033,284$2,927,224$14,269,482
8$28,591,489$10,537,039$3,073,585$14,980,865
9$30,021,064$11,065,981$3,227,264$15,727,818
10$31,522,117$11,621,371$3,388,628$16,512,118
11$33,098,223$12,204,530$3,558,059$17,335,634
12$34,753,134$12,816,847$3,735,962$18,200,325
13$36,490,790$13,459,780$3,922,760$19,108,250
14$38,315,330$14,134,860$4,118,898$20,061,572
15$40,231,096$14,843,693$4,324,843$21,062,560
16$42,242,652$15,587,969$4,541,085$22,113,598
17$44,354,783$16,369,458$4,768,139$23,217,186
18$46,572,523$17,190,021$5,006,546$24,375,955
19$48,901,149$18,051,613$5,256,873$25,592,662
20$51,346,206$18,956,284$5,519,717$26,870,205
21$53,913,516$19,906,189$5,795,703$28,211,625
22$56,609,192$20,903,589$6,085,488$29,620,115
23$59,439,652$21,950,859$6,389,763$31,099,031
24$62,411,634$23,050,492$6,709,251$32,651,891
25$65,532,216$24,205,108$7,044,713$34,282,395
26$68,808,828$25,417,454$7,396,949$35,994,425
27$72,249,269$26,690,417$7,766,796$37,792,055
28$75,861,731$28,027,028$8,155,136$39,679,567
29$79,654,818$29,430,470$8,562,893$41,661,455
30$83,637,560$30,904,085$8,991,038$43,742,437
Total$1,350,000,003$498,245,633$145,125,000$706,629,369

◄ 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.