USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Mar 25, 2014

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The tax information provided here is based on 2021 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 $20,000,000 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, Mar 25, 2014
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$19,868$201,257
2$316,080$85,172$20,861$210,047
3$331,884$90,704$21,904$219,276
4$348,478$96,512$23,000$228,967
5$365,902$102,610$24,150$239,143
6$384,197$109,013$25,357$249,827
7$403,407$115,737$26,625$261,046
8$423,578$122,796$27,956$272,825
9$444,757$130,209$29,354$285,194
10$466,994$137,992$30,822$298,180
11$490,344$146,165$32,363$311,817
12$514,861$154,746$33,981$326,135
13$540,604$164,096$35,680$340,829
14$567,635$174,097$37,464$356,074
15$596,016$184,598$39,337$372,081
16$625,817$195,625$41,304$388,889
17$657,108$207,202$43,369$406,537
18$689,963$219,359$45,538$425,067
19$724,461$232,123$47,814$444,524
20$760,685$245,526$50,205$464,954
21$798,719$259,598$52,715$486,405
22$838,655$274,374$55,351$508,929
23$880,587$289,890$58,119$532,579
24$924,617$306,180$61,025$557,412
25$970,848$323,286$64,076$583,486
26$1,019,390$341,247$67,280$610,864
27$1,070,360$360,105$70,644$639,611
28$1,123,878$379,907$74,176$669,795
29$1,180,071$400,699$77,885$701,488
30$1,239,075$422,530$81,779$734,766
Total$20,000,000$6,352,002$1,320,002$12,328,004

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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.