USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 2022

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $465,000,000 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, Dec 20, 2022
Jackpot:$465,000,000
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$6,998,917$2,547,787$0$4,451,130
2$7,348,863$2,677,267$0$4,671,596
3$7,716,306$2,813,221$0$4,903,085
4$8,102,122$2,955,973$0$5,146,149
5$8,507,228$3,105,862$0$5,401,366
6$8,932,589$3,263,246$0$5,669,343
7$9,379,219$3,428,499$0$5,950,720
8$9,848,180$3,602,014$0$6,246,165
9$10,340,589$3,784,206$0$6,556,383
10$10,857,618$3,975,506$0$6,882,112
11$11,400,499$4,176,372$0$7,224,127
12$11,970,524$4,387,282$0$7,583,242
13$12,569,050$4,608,736$0$7,960,314
14$13,197,503$4,841,264$0$8,356,239
15$13,857,378$5,085,417$0$8,771,960
16$14,550,247$5,341,779$0$9,208,468
17$15,277,759$5,610,958$0$9,666,800
18$16,041,647$5,893,597$0$10,148,050
19$16,843,729$6,190,367$0$10,653,361
20$17,685,916$6,501,977$0$11,183,939
21$18,570,211$6,829,166$0$11,741,045
22$19,498,722$7,172,715$0$12,326,007
23$20,473,658$7,533,441$0$12,940,217
24$21,497,341$7,912,204$0$13,585,137
25$22,572,208$8,309,905$0$14,262,303
26$23,700,818$8,727,491$0$14,973,328
27$24,885,859$9,165,956$0$15,719,904
28$26,130,152$9,626,344$0$16,503,808
29$27,436,660$10,109,752$0$17,326,908
30$28,808,493$10,617,330$0$18,191,163
Total$465,000,001$170,795,634$0$294,204,369

◄ Back to Jackpot Analysis

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.