USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 1999

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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 $35,000,000 for a ticket purchased in Washington, 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

Drawing Date:Fri, Jan 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: No state tax on lottery prizes
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$154,755$0$372,045
2$553,140$163,974$0$389,166
3$580,797$173,654$0$407,143
4$609,837$183,827$0$426,010
5$640,329$195,109$0$445,219
6$672,345$206,956$0$465,390
7$705,963$219,394$0$486,569
8$741,261$232,454$0$508,807
9$778,324$246,168$0$532,156
10$817,240$260,567$0$556,673
11$858,102$275,686$0$582,417
12$901,007$291,560$0$609,447
13$946,058$308,229$0$637,828
14$993,360$325,731$0$667,629
15$1,043,028$344,108$0$698,920
16$1,095,180$363,404$0$731,776
17$1,149,939$383,665$0$766,274
18$1,207,436$404,939$0$802,497
19$1,267,808$427,277$0$840,531
20$1,331,198$450,731$0$880,467
21$1,397,758$475,358$0$922,400
22$1,467,646$501,217$0$966,429
23$1,541,028$528,368$0$1,012,660
24$1,618,079$556,877$0$1,061,202
25$1,698,983$586,812$0$1,112,172
26$1,783,933$618,243$0$1,165,690
27$1,873,129$651,246$0$1,221,884
28$1,966,786$685,898$0$1,280,887
29$2,065,125$722,284$0$1,342,841
30$2,168,381$760,489$0$1,407,892
Total$35,000,000$11,698,980$0$23,301,021

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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.