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Jackpot Analysis For Washington
MEGA Millions |
MAR, 09/02/2010 |
Annuity |
Cash |
Jackpot Amount |
$32,000,000 |
$19,900,000 |
Gross Prize |
26
Annual Payments of $1,230,769 |
Lump-Sum Cash $19,900,000 |
Less 25% Federal Tax |
-$307,692 |
-$4,975,000 |
No State Tax on Lottery Prizes |
No State Tax |
No State Tax |
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Yearly Net Pay: $923,077
Total Pay After 26 payments:
$24,000,002 |
Lump-Sum Net Payout: $14,925,000 |
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