USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2013

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The tax information provided here is based on 2026 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 $149,000,000 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, Nov 15, 2013
Jackpot:$149,000,000
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$2,242,664$785,743$0$1,456,921
2$2,354,797$827,232$0$1,527,565
3$2,472,537$870,796$0$1,601,741
4$2,596,164$916,538$0$1,679,626
5$2,725,972$964,567$0$1,761,405
6$2,862,270$1,014,997$0$1,847,273
7$3,005,384$1,067,949$0$1,937,435
8$3,155,653$1,123,549$0$2,032,104
9$3,313,436$1,181,929$0$2,131,507
10$3,479,108$1,243,227$0$2,235,881
11$3,653,063$1,307,591$0$2,345,473
12$3,835,716$1,375,172$0$2,460,544
13$4,027,502$1,446,133$0$2,581,369
14$4,228,877$1,520,642$0$2,708,235
15$4,440,321$1,598,876$0$2,841,445
16$4,662,337$1,681,022$0$2,981,315
17$4,895,454$1,767,275$0$3,128,179
18$5,140,227$1,857,841$0$3,282,385
19$5,397,238$1,952,935$0$3,444,303
20$5,667,100$2,052,784$0$3,614,316
21$5,950,455$2,157,626$0$3,792,829
22$6,247,978$2,267,709$0$3,980,269
23$6,560,376$2,383,297$0$4,177,080
24$6,888,395$2,504,663$0$4,383,732
25$7,232,815$2,632,099$0$4,600,716
26$7,594,456$2,765,906$0$4,828,550
27$7,974,179$2,906,403$0$5,067,775
28$8,372,887$3,053,926$0$5,318,962
29$8,791,532$3,208,824$0$5,582,708
30$9,231,108$3,371,467$0$5,859,641
Total$149,000,000$53,808,718$0$95,191,284

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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.