Jackpot Analysis Dist. of Columbia Mega Millions

Jackpot Analysis for Dist. of Columbia Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 22, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Washington DC residents, the state will deduct 10.75% from your lottery earnings.

Washington DC MEGA Millions Jackpot/Cash Option for Tue Apr 22, 2025
Draw DateTue Apr 22, 2025
Projected Jackpot$50,000,000
Cash Value$22,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$22,400,000
Federal Tax(24%)$5,376,000
Additional Federal Tax$2,872,330
State Tax(10.75%)$2,408,000
Net Lumpsum Payment$11,743,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $752,550 $238,774
$80,899
$432,877
2 $790,200 $252,704
$84,947
$452,549
3 $829,700 $267,319
$89,193
$473,188
4 $871,200 $282,674
$93,654
$494,872
5 $914,750 $298,788
$98,336
$517,626
6 $960,500 $315,715
$103,254
$541,531
7 $1,008,500 $333,475
$108,414
$566,611
8 $1,058,950 $352,142
$113,837
$592,971
9 $1,111,900 $371,733
$119,529
$620,638
10 $1,167,500 $392,305
$125,506
$649,689
11 $1,225,850 $413,895
$131,779
$680,176
12 $1,287,150 $436,576
$138,369
$712,205
13 $1,351,500 $460,385
$145,286
$745,829
14 $1,419,100 $485,397
$152,553
$781,150
15 $1,490,050 $511,649
$160,180
$818,221
16 $1,564,550 $539,214
$168,189
$857,147
17 $1,642,750 $568,148
$176,596
$898,006
18 $1,724,900 $598,543
$185,427
$940,930
19 $1,811,150 $630,456
$194,699
$985,995
20 $1,901,700 $663,959
$204,433
$1,033,308
21 $1,996,800 $699,146
$214,656
$1,082,998
22 $2,096,650 $736,091
$225,390
$1,135,169
23 $2,201,450 $774,867
$236,656
$1,189,927
24 $2,311,550 $815,604
$248,492
$1,247,454
25 $2,427,100 $858,357
$260,913
$1,307,830
26 $2,548,500 $903,275
$273,964
$1,371,261
27 $2,675,900 $950,413
$287,659
$1,437,828
28 $2,809,700 $999,919
$302,043
$1,507,738
29 $2,950,200 $1,051,904
$317,147
$1,581,149
30 $3,097,700 $1,106,479
$333,003
$1,658,218