USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
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$23,134,056$8,517,788$0$14,616,267
2$24,290,759$8,945,768$0$15,344,990
3$25,505,296$9,395,147$0$16,110,149
4$26,780,562$9,866,996$0$16,913,566
5$28,119,589$10,362,436$0$17,757,153
6$29,525,569$10,882,648$0$18,642,921
7$31,001,848$11,428,871$0$19,572,976
8$32,551,940$12,002,406$0$20,549,535
9$34,179,537$12,604,616$0$21,574,921
10$35,888,513$13,236,938$0$22,651,576
11$37,682,939$13,900,875$0$23,782,064
12$39,567,086$14,598,010$0$24,969,077
13$41,545,440$15,330,001$0$26,215,440
14$43,622,713$16,098,592$0$27,524,121
15$45,803,848$16,905,612$0$28,898,237
16$48,094,041$17,752,983$0$30,341,058
17$50,498,742$18,642,722$0$31,856,020
18$53,023,680$19,576,949$0$33,446,730
19$55,674,863$20,557,887$0$35,116,976
20$58,458,607$21,587,872$0$36,870,735
21$61,381,537$22,669,356$0$38,712,180
22$64,450,614$23,804,915$0$40,645,699
23$67,673,145$24,997,251$0$42,675,893
24$71,056,801$26,249,204$0$44,807,597
25$74,609,641$27,563,755$0$47,045,886
26$78,340,125$28,944,034$0$49,396,091
27$82,257,131$30,393,326$0$51,863,805
28$86,369,986$31,915,083$0$54,454,903
29$90,688,486$33,512,927$0$57,175,558
30$95,222,911$35,190,665$0$60,032,246
Total$1,537,000,003$567,435,633$0$969,564,370

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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.