The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 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 Fri Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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