Washington DC Lottery

DCLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 10, 2025 is estimated to be $77 Million, with a cash option of 34.1 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Washington DC MEGA Millions Jackpot/Cash Option for Fri Jan 10, 2025

Draw Date	Jackpot	Cash Option
Fri Jan 10, 2025	$77,000,000	$34,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,100,000
Federal Tax(24%)	$8,184,000
Additional Federal Tax	$4,393,330
State Tax(10.75%)	$3,665,750
Net Lumpsum Payment	$17,856,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,158,927	-$389,133 -$124,585	$645,209
2	$1,216,908	-$410,586 -$130,818	$675,504
3	$1,277,738	-$433,093 -$137,357	$707,288
4	$1,341,648	-$456,740 -$144,227	$740,681
5	$1,408,715	-$481,555 -$151,437	$775,723
6	$1,479,170	-$507,623 -$159,011	$812,536
7	$1,553,090	-$534,974 -$166,957	$851,159
8	$1,630,783	-$563,720 -$175,309	$891,754
9	$1,712,326	-$593,891 -$184,075	$934,360
10	$1,797,950	-$625,572 -$193,280	$979,098
11	$1,887,809	-$658,820 -$202,939	$1,026,050
12	$1,982,211	-$693,748 -$213,088	$1,075,375
13	$2,081,310	-$730,415 -$223,741	$1,127,154
14	$2,185,414	-$768,934 -$234,932	$1,181,548
15	$2,294,677	-$809,361 -$246,678	$1,238,638
16	$2,409,407	-$851,811 -$259,011	$1,298,585
17	$2,529,835	-$896,369 -$271,957	$1,361,509
18	$2,656,346	-$943,178 -$285,557	$1,427,611
19	$2,789,171	-$992,324 -$299,836	$1,497,011
20	$2,928,618	-$1,043,919 -$314,826	$1,569,873
21	$3,075,072	-$1,098,107 -$330,570	$1,646,395
22	$3,228,841	-$1,155,002 -$347,100	$1,726,739
23	$3,390,233	-$1,214,717 -$364,450	$1,811,066
24	$3,559,787	-$1,277,452 -$382,677	$1,899,658
25	$3,737,734	-$1,343,292 -$401,806	$1,992,636
26	$3,924,690	-$1,412,466 -$421,904	$2,090,320
27	$4,120,886	-$1,485,058 -$442,995	$2,192,833
28	$4,326,938	-$1,561,297 -$465,146	$2,300,495
29	$4,543,308	-$1,641,354 -$488,406	$2,413,548
30	$4,770,458	-$1,725,400 -$512,824	$2,532,234