USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Jan 28, 2022

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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 $426,000,000 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 28, 2022
Jackpot:$426,000,000
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$6,411,911$2,330,595$0$4,081,316
2$6,732,507$2,449,215$0$4,283,292
3$7,069,132$2,573,767$0$4,495,366
4$7,422,589$2,704,546$0$4,718,043
5$7,793,718$2,841,863$0$4,951,855
6$8,183,404$2,986,047$0$5,197,357
7$8,592,575$3,137,440$0$5,455,134
8$9,022,203$3,296,403$0$5,725,800
9$9,473,313$3,463,314$0$6,010,000
10$9,946,979$3,638,570$0$6,308,409
11$10,444,328$3,822,589$0$6,621,739
12$10,966,544$4,015,809$0$6,950,735
13$11,514,872$4,218,690$0$7,296,181
14$12,090,615$4,431,715$0$7,658,900
15$12,695,146$4,655,392$0$8,039,754
16$13,329,903$4,890,252$0$8,439,651
17$13,996,398$5,136,855$0$8,859,543
18$14,696,218$5,395,789$0$9,300,430
19$15,431,029$5,667,669$0$9,763,361
20$16,202,581$5,953,143$0$10,249,438
21$17,012,710$6,252,890$0$10,759,819
22$17,863,345$6,567,625$0$11,295,720
23$18,756,512$6,898,097$0$11,858,415
24$19,694,338$7,245,093$0$12,449,245
25$20,679,055$7,609,438$0$13,069,617
26$21,713,008$7,992,001$0$13,721,007
27$22,798,658$8,393,691$0$14,404,967
28$23,938,591$8,815,466$0$15,123,124
29$25,135,520$9,258,330$0$15,877,190
30$26,392,297$9,723,338$0$16,668,959
Total$426,000,001$156,365,632$0$269,634,367

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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.