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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

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The tax information provided here is based on 2022 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 $55,000,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$54,637$503,941
2$869,220$284,567$57,369$527,285
3$912,681$300,647$60,237$551,797
4$958,315$317,532$63,249$577,535
5$1,006,231$335,261$66,411$604,559
6$1,056,543$353,876$69,732$632,935
7$1,109,370$373,422$73,218$662,730
8$1,164,838$393,945$76,879$694,014
9$1,223,080$415,495$80,723$726,862
10$1,284,234$438,122$84,759$761,353
11$1,348,446$461,880$88,997$797,569
12$1,415,868$486,826$93,447$835,595
13$1,486,662$513,020$98,120$875,522
14$1,560,995$540,523$103,026$917,446
15$1,639,045$569,402$108,177$961,466
16$1,720,997$599,724$113,586$1,007,687
17$1,807,047$631,562$119,265$1,056,219
18$1,897,399$664,993$125,228$1,107,178
19$1,992,269$700,095$131,490$1,160,685
20$2,091,882$736,952$138,064$1,216,867
21$2,196,477$775,651$144,967$1,275,858
22$2,306,300$816,286$152,216$1,337,798
23$2,421,615$858,953$159,827$1,402,836
24$2,542,696$903,753$167,818$1,471,126
25$2,669,831$950,792$176,209$1,542,830
26$2,803,323$1,000,184$185,019$1,618,119
27$2,943,489$1,052,046$194,270$1,697,173
28$3,090,663$1,106,500$203,984$1,780,179
29$3,245,196$1,163,678$214,183$1,867,336
30$3,407,456$1,223,714$224,892$1,958,850
Total$55,000,000$19,238,653$3,629,999$32,131,350

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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.