USA Mega

Washington, D.C. Mega Millions Jackpot Annuity Payout Schedule for Sep 20, 2024

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 $47,000,000 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, Sep 20, 2024
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$219,932$76,047$411,438
2$742,788$233,019$79,850$429,919
3$779,928$246,761$83,842$449,324
4$818,924$261,190$88,034$469,700
5$859,870$276,340$92,436$491,094
6$902,864$292,247$97,058$513,559
7$948,007$308,950$101,911$537,146
8$995,407$326,488$107,006$561,913
9$1,045,178$344,904$112,357$587,918
10$1,097,437$364,239$117,974$615,223
11$1,152,308$384,542$123,873$643,893
12$1,209,924$405,860$130,067$673,997
13$1,270,420$428,243$136,570$705,607
14$1,333,941$451,746$143,399$738,796
15$1,400,638$476,424$150,569$773,646
16$1,470,670$502,336$158,097$810,237
17$1,544,204$529,543$166,002$848,659
18$1,621,414$558,111$174,302$889,001
19$1,702,484$588,107$183,017$931,360
20$1,787,609$619,603$192,168$975,838
21$1,876,989$652,674$201,776$1,022,539
22$1,970,839$687,398$211,865$1,071,575
23$2,069,380$723,859$222,458$1,123,064
24$2,172,849$762,142$233,581$1,177,126
25$2,281,492$802,340$245,260$1,233,892
26$2,395,567$844,547$257,523$1,293,496
27$2,515,345$888,865$270,400$1,356,080
28$2,641,112$935,399$283,920$1,421,793
29$2,773,168$984,260$298,116$1,490,792
30$2,911,826$1,035,563$313,021$1,563,241
Total$47,000,000$16,135,632$5,052,499$25,811,866

◄ 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.