USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Mar 22, 2024

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The tax information provided here is based on 2025 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 $977,000,000 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, Mar 22, 2024
Jackpot:$977,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,705,252$5,397,963$1,580,815$7,726,474
2$15,440,515$5,670,011$1,659,855$8,110,649
3$16,212,540$5,955,660$1,742,848$8,514,032
4$17,023,168$6,255,592$1,829,991$8,937,585
5$17,874,325$6,570,521$1,921,490$9,382,315
6$18,768,042$6,901,196$2,017,565$9,849,282
7$19,706,445$7,248,405$2,118,443$10,339,597
8$20,691,767$7,612,974$2,224,365$10,854,428
9$21,726,355$7,995,772$2,335,583$11,395,000
10$22,812,673$8,397,709$2,452,362$11,962,601
11$23,953,306$8,819,744$2,574,980$12,558,582
12$25,150,972$9,262,880$2,703,729$13,184,362
13$26,408,520$9,728,173$2,838,916$13,841,431
14$27,728,946$10,216,730$2,980,862$14,531,354
15$29,115,393$10,729,716$3,129,905$15,255,773
16$30,571,163$11,268,351$3,286,400$16,016,413
17$32,099,721$11,833,917$3,450,720$16,815,084
18$33,704,707$12,427,762$3,623,256$17,653,689
19$35,389,942$13,051,299$3,804,419$18,534,225
20$37,159,440$13,706,013$3,994,640$19,458,787
21$39,017,411$14,393,462$4,194,372$20,429,577
22$40,968,282$15,115,285$4,404,090$21,448,907
23$43,016,696$15,873,198$4,624,295$22,519,204
24$45,167,531$16,669,007$4,855,510$23,643,015
25$47,425,907$17,504,606$5,098,285$24,823,016
26$49,797,203$18,381,986$5,353,199$26,062,019
27$52,287,064$19,303,234$5,620,859$27,362,970
28$54,901,416$20,270,544$5,901,902$28,728,970
29$57,646,487$21,286,220$6,196,997$30,163,269
30$60,528,812$22,352,681$6,506,847$31,669,284
Total$977,000,002$360,200,611$105,027,500$511,771,894

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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.