USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$743,421$228,142$1,150,689
2$2,228,365$782,683$239,549$1,206,133
3$2,339,783$823,908$251,527$1,264,349
4$2,456,772$867,194$264,103$1,325,476
5$2,579,611$912,644$277,308$1,389,659
6$2,708,592$960,367$291,174$1,457,051
7$2,844,021$1,010,476$305,732$1,527,813
8$2,986,222$1,063,090$321,019$1,602,113
9$3,135,533$1,118,335$337,070$1,680,128
10$3,292,310$1,176,342$353,923$1,762,044
11$3,456,925$1,237,250$371,619$1,848,056
12$3,629,772$1,301,203$390,200$1,938,368
13$3,811,260$1,368,354$409,710$2,033,196
14$4,001,823$1,438,862$430,196$2,132,765
15$4,201,914$1,512,896$451,706$2,237,313
16$4,412,010$1,590,632$474,291$2,347,088
17$4,632,611$1,672,254$498,006$2,462,351
18$4,864,241$1,757,957$522,906$2,583,378
19$5,107,453$1,847,945$549,051$2,710,457
20$5,362,826$1,942,433$576,504$2,843,889
21$5,630,967$2,041,646$605,329$2,983,993
22$5,912,516$2,145,819$635,595$3,131,102
23$6,208,141$2,255,200$667,375$3,285,566
24$6,518,548$2,370,051$700,744$3,447,754
25$6,844,476$2,490,644$735,781$3,618,051
26$7,186,700$2,617,267$772,570$3,796,863
27$7,546,035$2,750,221$811,199$3,984,615
28$7,923,336$2,889,822$851,759$4,181,756
29$8,319,503$3,036,404$894,347$4,388,753
30$8,735,478$3,190,315$939,064$4,606,100
Total$141,000,000$50,915,635$15,157,499$74,926,869

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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.