The jackpot for the MEGA Millions draw on Fri Nov 15, 2024, is projected to be $387 Million, with an option for a cash payout of $181.4 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 Fri Nov 15, 2024 |
|---|
| Draw Date | Fri Nov 15, 2024 | | Projected Jackpot | $387,000,000 | | Cash Value | $181,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $181,400,000 | | Federal Tax(24%) | $43,536,000 | | Additional Federal Tax | $23,542,330 | | State Tax(10.75%) | $19,500,500 | | Net Lumpsum Payment | $94,821,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,824,737 |
$2,115,483
$626,159 |
$3,083,095 |
| 2 |
$6,116,148 |
$2,223,305
$657,486 |
$3,235,357 |
| 3 |
$6,421,878 |
$2,336,425
$690,352 |
$3,395,101 |
| 4 |
$6,743,088 |
$2,455,273
$724,882 |
$3,562,933 |
| 5 |
$7,080,165 |
$2,579,991
$761,118 |
$3,739,056 |
| 6 |
$7,434,270 |
$2,711,010
$799,184 |
$3,924,076 |
| 7 |
$7,805,790 |
$2,848,473
$839,122 |
$4,118,195 |
| 8 |
$8,196,273 |
$2,992,951
$881,099 |
$4,322,223 |
| 9 |
$8,606,106 |
$3,144,590
$925,156 |
$4,536,360 |
| 10 |
$9,036,450 |
$3,303,817
$971,418 |
$4,761,215 |
| 11 |
$9,488,079 |
$3,470,920
$1,019,968 |
$4,997,191 |
| 12 |
$9,962,541 |
$3,646,471
$1,070,973 |
$5,245,097 |
| 13 |
$10,460,610 |
$3,830,756
$1,124,516 |
$5,505,338 |
| 14 |
$10,983,834 |
$4,024,349
$1,180,762 |
$5,778,723 |
| 15 |
$11,532,987 |
$4,227,536
$1,239,796 |
$6,065,655 |
| 16 |
$12,109,617 |
$4,440,889
$1,301,784 |
$6,366,944 |
| 17 |
$12,714,885 |
$4,664,838
$1,366,850 |
$6,683,197 |
| 18 |
$13,350,726 |
$4,900,099
$1,435,203 |
$7,015,424 |
| 19 |
$14,018,301 |
$5,147,102
$1,506,967 |
$7,364,232 |
| 20 |
$14,719,158 |
$5,406,419
$1,582,309 |
$7,730,430 |
| 21 |
$15,455,232 |
$5,678,766
$1,661,437 |
$8,115,029 |
| 22 |
$16,228,071 |
$5,964,717
$1,744,518 |
$8,518,836 |
| 23 |
$17,039,223 |
$6,264,843
$1,831,716 |
$8,942,664 |
| 24 |
$17,891,397 |
$6,580,147
$1,923,325 |
$9,387,925 |
| 25 |
$18,785,754 |
$6,911,059
$2,019,469 |
$9,855,226 |
| 26 |
$19,725,390 |
$7,258,725
$2,120,479 |
$10,346,186 |
| 27 |
$20,711,466 |
$7,623,573
$2,226,483 |
$10,861,410 |
| 28 |
$21,747,078 |
$8,006,749
$2,337,811 |
$11,402,518 |
| 29 |
$22,834,548 |
$8,409,113
$2,454,714 |
$11,970,721 |
| 30 |
$23,976,198 |
$8,831,524
$2,577,441 |
$12,567,233 |
|
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