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Delaware Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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The tax information provided here is based on 2024 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 $321,000,000 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:Tue, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$318,880$2,766,784
2$5,073,086$1,835,230$334,824$2,903,033
3$5,326,740$1,929,082$351,565$3,046,094
4$5,593,078$2,027,626$369,143$3,196,308
5$5,872,731$2,131,098$387,600$3,354,033
6$6,166,368$2,239,744$406,980$3,519,644
7$6,474,687$2,353,822$427,329$3,693,535
8$6,798,421$2,473,603$448,696$3,876,122
9$7,138,342$2,599,374$471,131$4,067,837
10$7,495,259$2,731,434$494,687$4,269,138
11$7,870,022$2,870,096$519,421$4,480,505
12$8,263,523$3,015,691$545,393$4,702,439
13$8,676,699$3,168,566$572,662$4,935,470
14$9,110,534$3,329,085$601,295$5,180,153
15$9,566,061$3,497,630$631,360$5,437,070
16$10,044,364$3,674,602$662,928$5,706,833
17$10,546,582$3,860,423$696,074$5,990,084
18$11,073,911$4,055,535$730,878$6,287,498
19$11,627,606$4,260,402$767,422$6,599,782
20$12,208,987$4,475,513$805,793$6,927,681
21$12,819,436$4,701,379$846,083$7,271,974
22$13,460,408$4,938,539$888,387$7,633,482
23$14,133,428$5,187,556$932,806$8,013,066
24$14,840,100$5,449,025$979,447$8,411,628
25$15,582,105$5,723,566$1,028,419$8,830,119
26$16,361,210$6,011,836$1,079,840$9,269,535
27$17,179,271$6,314,518$1,133,832$9,730,921
28$18,038,234$6,632,334$1,190,523$10,215,376
29$18,940,146$6,966,042$1,250,050$10,724,054
30$19,887,153$7,316,434$1,312,552$11,258,167
Total$321,000,001$117,515,632$21,186,000$182,298,365

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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.