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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 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 $47,000,000 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:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$46,690$436,028
2$742,788$237,787$49,024$455,978
3$779,928$251,528$51,475$476,924
4$818,924$265,957$54,049$498,918
5$859,870$281,107$56,751$522,012
6$902,864$297,015$59,589$546,260
7$948,007$313,718$62,568$571,721
8$995,407$331,256$65,697$598,455
9$1,045,178$349,671$68,982$626,525
10$1,097,437$369,007$72,431$655,999
11$1,152,308$389,309$76,052$686,947
12$1,209,924$410,627$79,855$719,442
13$1,270,420$433,010$83,848$753,562
14$1,333,941$456,513$88,040$789,388
15$1,400,638$481,191$92,442$827,005
16$1,470,670$507,103$97,064$866,503
17$1,544,204$534,310$101,917$907,976
18$1,621,414$562,878$107,013$951,522
19$1,702,484$592,874$112,364$997,246
20$1,787,609$624,370$117,982$1,045,256
21$1,876,989$657,441$123,881$1,095,667
22$1,970,839$692,165$130,075$1,148,598
23$2,069,380$728,626$136,579$1,204,176
24$2,172,849$766,909$143,408$1,262,532
25$2,281,492$807,107$150,578$1,323,806
26$2,395,567$849,315$158,107$1,388,145
27$2,515,345$893,633$166,013$1,455,700
28$2,641,112$940,166$174,313$1,526,632
29$2,773,168$989,027$183,029$1,601,112
30$2,911,826$1,040,331$192,181$1,679,315
Total$47,000,000$16,278,650$3,101,997$27,619,350

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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.