Jackpot Analysis Dist. of Columbia Mega Millions

Jackpot Analysis for Dist. of Columbia Mega Millions
The jackpot for the MEGA Millions draw on Tue May 20, 2025, is projected to be $139 Million, with an option for a cash payout of $62.3 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 May 20, 2025
Draw DateTue May 20, 2025
Projected Jackpot$139,000,000
Cash Value$62,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$62,300,000
Federal Tax(24%)$14,952,000
Additional Federal Tax$8,059,330
State Tax(10.75%)$6,697,250
Net Lumpsum Payment$32,591,420
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,092,089 $734,403
$224,900
$1,132,786
2 $2,196,756 $773,130
$236,151
$1,187,475
3 $2,306,566 $813,760
$247,956
$1,244,850
4 $2,421,936 $856,447
$260,358
$1,305,131
5 $2,543,005 $901,242
$273,373
$1,368,390
6 $2,670,190 $948,301
$287,045
$1,434,844
7 $2,803,630 $997,673
$301,390
$1,504,567
8 $2,943,881 $1,049,566
$316,467
$1,577,848
9 $3,091,082 $1,104,031
$332,291
$1,654,760
10 $3,245,650 $1,161,221
$348,907
$1,735,522
11 $3,407,863 $1,221,240
$366,345
$1,820,278
12 $3,578,277 $1,284,293
$384,665
$1,909,319
13 $3,757,170 $1,350,483
$403,896
$2,002,791
14 $3,945,098 $1,420,017
$424,098
$2,100,983
15 $4,142,339 $1,492,996
$445,301
$2,204,042
16 $4,349,449 $1,569,627
$467,566
$2,312,256
17 $4,566,845 $1,650,063
$490,936
$2,425,846
18 $4,795,222 $1,734,563
$515,486
$2,545,173
19 $5,034,997 $1,823,279
$541,262
$2,670,456
20 $5,286,726 $1,916,419
$568,323
$2,801,984
21 $5,551,104 $2,014,239
$596,744
$2,940,121
22 $5,828,687 $2,116,945
$626,584
$3,085,158
23 $6,120,031 $2,224,742
$657,903
$3,237,386
24 $6,426,109 $2,337,991
$690,807
$3,397,311
25 $6,747,338 $2,456,845
$725,339
$3,565,154
26 $7,084,830 $2,581,717
$761,619
$3,741,494
27 $7,439,002 $2,712,761
$799,693
$3,926,548
28 $7,810,966 $2,850,388
$839,679
$4,120,899
29 $8,201,556 $2,994,906
$881,667
$4,324,983
30 $8,611,606 $3,146,625
$925,748
$4,539,233