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 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$31,800,000
Federal Tax(24%)$7,632,000
Additional Federal Tax$4,094,330
State Tax(10.75%)$3,418,500
Net Lumpsum Payment$16,655,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,053,570 $350,151
$113,259
$590,160
2 $1,106,280 $369,654
$118,925
$617,701
3 $1,161,580 $390,115
$124,870
$646,595
4 $1,219,680 $411,612
$131,116
$676,952
5 $1,280,650 $434,171
$137,670
$708,809
6 $1,344,700 $457,869
$144,555
$742,276
7 $1,411,900 $482,733
$151,779
$777,388
8 $1,482,530 $508,866
$159,372
$814,292
9 $1,556,660 $536,295
$167,341
$853,024
10 $1,634,500 $565,095
$175,709
$893,696
11 $1,716,190 $595,321
$184,490
$936,379
12 $1,802,010 $627,074
$193,716
$981,220
13 $1,892,100 $660,407
$203,401
$1,028,292
14 $1,986,740 $695,424
$213,575
$1,077,741
15 $2,086,070 $732,176
$224,253
$1,129,641
16 $2,190,370 $770,767
$235,465
$1,184,138
17 $2,299,850 $811,275
$247,234
$1,241,341
18 $2,414,860 $853,829
$259,597
$1,301,434
19 $2,535,610 $898,506
$272,578
$1,364,526
20 $2,662,380 $945,411
$286,206
$1,430,763
21 $2,795,520 $994,673
$300,518
$1,500,329
22 $2,935,310 $1,046,395
$315,546
$1,573,369
23 $3,082,030 $1,100,681
$331,318
$1,650,031
24 $3,236,170 $1,157,713
$347,888
$1,730,569
25 $3,397,940 $1,217,568
$365,279
$1,815,093
26 $3,567,900 $1,280,453
$383,549
$1,903,898
27 $3,746,260 $1,346,447
$402,723
$1,997,090
28 $3,933,580 $1,415,755
$422,860
$2,094,965
29 $4,130,280 $1,488,534
$444,005
$2,197,741
30 $4,336,780 $1,564,939
$466,204
$2,305,637