USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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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 $105,000,000 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:Tue, Sep 30, 2014
Jackpot:$105,000,000
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$1,580,401$542,936$0$1,037,465
2$1,659,421$572,173$0$1,087,247
3$1,742,392$602,873$0$1,139,519
4$1,829,511$635,107$0$1,194,404
5$1,920,987$668,953$0$1,252,034
6$2,017,036$704,491$0$1,312,545
7$2,117,888$741,806$0$1,376,082
8$2,223,783$780,987$0$1,442,795
9$2,334,972$822,127$0$1,512,844
10$2,451,720$865,324$0$1,586,396
11$2,574,306$910,681$0$1,663,625
12$2,703,022$958,306$0$1,744,716
13$2,838,173$1,008,312$0$1,829,861
14$2,980,081$1,060,818$0$1,919,263
15$3,129,085$1,115,949$0$2,013,136
16$3,285,540$1,173,837$0$2,111,702
17$3,449,816$1,234,620$0$2,215,197
18$3,622,307$1,298,441$0$2,323,866
19$3,803,423$1,365,454$0$2,437,969
20$3,993,594$1,435,817$0$2,557,776
21$4,193,273$1,509,699$0$2,683,575
22$4,402,937$1,587,275$0$2,815,663
23$4,623,084$1,668,729$0$2,954,355
24$4,854,238$1,754,256$0$3,099,982
25$5,096,950$1,844,059$0$3,252,891
26$5,351,798$1,938,353$0$3,413,445
27$5,619,388$2,037,361$0$3,582,026
28$5,900,357$2,141,320$0$3,759,037
29$6,195,375$2,250,476$0$3,944,898
30$6,505,144$2,365,091$0$4,140,053
Total$105,000,000$37,595,631$0$67,404,367

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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.