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Delaware Mega Millions Jackpot Annuity Payout Schedule for Oct 21, 2005

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $108,000,000 for a ticket purchased in Delaware, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Delaware

Drawing Date:Fri, Oct 21, 2005
Jackpot:$108,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$557,413$107,287$960,856
2$1,706,833$587,485$112,651$1,006,696
3$1,792,174$619,062$118,284$1,054,829
4$1,881,783$652,217$124,198$1,105,368
5$1,975,872$687,030$130,408$1,158,435
6$2,074,666$723,584$136,928$1,214,154
7$2,178,399$761,965$143,774$1,272,660
8$2,287,319$802,265$150,963$1,334,091
9$2,401,685$844,581$158,511$1,398,593
10$2,521,769$889,012$166,437$1,466,321
11$2,647,858$935,665$174,759$1,537,435
12$2,780,251$984,650$183,497$1,612,104
13$2,919,263$1,036,085$192,671$1,690,507
14$3,065,226$1,090,091$202,305$1,772,830
15$3,218,488$1,146,798$212,420$1,859,270
16$3,379,412$1,206,340$223,041$1,950,031
17$3,548,383$1,268,859$234,193$2,045,331
18$3,725,802$1,334,504$245,903$2,145,395
19$3,912,092$1,403,431$258,198$2,250,463
20$4,107,697$1,475,805$271,108$2,360,784
21$4,313,081$1,551,797$284,663$2,476,621
22$4,528,735$1,631,589$298,897$2,598,250
23$4,755,172$1,715,371$313,841$2,725,960
24$4,992,931$1,803,342$329,533$2,860,056
25$5,242,577$1,895,711$346,010$3,000,856
26$5,504,706$1,992,699$363,311$3,148,697
27$5,779,942$2,094,536$381,476$3,303,930
28$6,068,939$2,201,464$400,550$3,466,924
29$6,372,385$2,313,740$420,577$3,638,068
30$6,691,005$2,431,629$441,606$3,817,769
Total$108,000,000$38,638,720$7,128,000$62,233,284

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.