Washington DC Lottery

DCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 22, 2024 is estimated to be $453 Million, with a cash option of 209.6 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Washington DC, your state will take 10.75% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Washington DC MEGA Millions Jackpot/Cash Option for Fri Nov 22, 2024

Draw Date	Jackpot	Cash Option
Fri Nov 22, 2024	$453,000,000	$209,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$209,600,000
Federal Tax(24%)	$50,304,000
Additional Federal Tax	$27,208,330
State Tax(10.75%)	$22,532,000
Net Lumpsum Payment	$109,555,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,818,103	-$2,483,028 -$732,946	$3,602,129
2	$7,159,212	-$2,609,239 -$769,615	$3,780,358
3	$7,517,082	-$2,741,651 -$808,086	$3,967,345
4	$7,893,072	-$2,880,767 -$848,505	$4,163,800
5	$8,287,635	-$3,026,755 -$890,921	$4,369,959
6	$8,702,130	-$3,180,118 -$935,479	$4,586,533
7	$9,137,010	-$3,341,024 -$982,229	$4,813,757
8	$9,594,087	-$3,510,143 -$1,031,364	$5,052,580
9	$10,073,814	-$3,687,642 -$1,082,935	$5,303,237
10	$10,577,550	-$3,874,024 -$1,137,087	$5,566,439
11	$11,106,201	-$4,069,625 -$1,193,917	$5,842,659
12	$11,661,579	-$4,275,115 -$1,253,620	$6,132,844
13	$12,244,590	-$4,490,829 -$1,316,293	$6,437,468
14	$12,857,046	-$4,717,437 -$1,382,132	$6,757,477
15	$13,499,853	-$4,955,276 -$1,451,234	$7,093,343
16	$14,174,823	-$5,205,015 -$1,523,793	$7,446,015
17	$14,883,315	-$5,467,157 -$1,599,956	$7,816,202
18	$15,627,594	-$5,742,540 -$1,679,966	$8,205,088
19	$16,409,019	-$6,031,667 -$1,763,970	$8,613,382
20	$17,229,402	-$6,335,209 -$1,852,161	$9,042,032
21	$18,091,008	-$6,654,003 -$1,944,783	$9,492,222
22	$18,995,649	-$6,988,721 -$2,042,032	$9,964,896
23	$19,945,137	-$7,340,031 -$2,144,102	$10,461,004
24	$20,942,643	-$7,709,108 -$2,251,334	$10,982,201
25	$21,989,526	-$8,096,455 -$2,363,874	$11,529,197
26	$23,089,410	-$8,503,412 -$2,482,112	$12,103,886
27	$24,243,654	-$8,930,482 -$2,606,193	$12,706,979
28	$25,455,882	-$9,379,007 -$2,736,507	$13,340,368
29	$26,728,812	-$9,849,991 -$2,873,347	$14,005,474
30	$28,065,162	-$10,344,440 -$3,017,005	$14,703,717