USA Mega

Washington Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2022

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The tax information provided here is based on 2022 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 $355,000,000 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 prize money, as well as deductions claimed.

State:

Washington

Drawing Date:Fri, Sep 30, 2022
Jackpot:$355,000,000
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$5,343,259$1,939,961$0$3,403,298
2$5,610,422$2,038,811$0$3,571,611
3$5,890,943$2,142,604$0$3,748,339
4$6,185,491$2,251,587$0$3,933,904
5$6,494,765$2,366,018$0$4,128,747
6$6,819,503$2,486,171$0$4,333,332
7$7,160,479$2,612,332$0$4,548,147
8$7,518,503$2,744,801$0$4,773,702
9$7,894,428$2,883,893$0$5,010,535
10$8,289,149$3,029,940$0$5,259,209
11$8,703,607$3,183,289$0$5,520,317
12$9,138,787$3,344,306$0$5,794,481
13$9,595,726$3,513,374$0$6,082,353
14$10,075,513$3,690,895$0$6,384,618
15$10,579,288$3,877,292$0$6,701,997
16$11,108,253$4,073,009$0$7,035,244
17$11,663,665$4,278,511$0$7,385,154
18$12,246,849$4,494,289$0$7,752,560
19$12,859,191$4,720,856$0$8,138,335
20$13,502,151$4,958,751$0$8,543,400
21$14,177,258$5,208,540$0$8,968,718
22$14,886,121$5,470,820$0$9,415,301
23$15,630,427$5,746,213$0$9,884,214
24$16,411,948$6,035,376$0$10,376,572
25$17,232,546$6,338,997$0$10,893,549
26$18,094,173$6,657,799$0$11,436,374
27$18,998,882$6,992,541$0$12,006,341
28$19,948,826$7,344,020$0$12,604,805
29$20,946,267$7,713,074$0$13,233,193
30$21,993,581$8,100,580$0$13,893,001
Total$355,000,001$130,238,650$0$224,761,351

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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.