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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 6, 2015

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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 $206,000,000 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, Jan 6, 2015
Jackpot:$206,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,100,596$1,103,178$204,639$1,792,779
2$3,255,625$1,160,539$214,871$1,880,215
3$3,418,407$1,220,768$225,615$1,972,024
4$3,589,327$1,284,008$236,896$2,068,423
5$3,768,793$1,350,411$248,740$2,169,642
6$3,957,233$1,420,133$261,177$2,275,922
7$4,155,095$1,493,342$274,236$2,387,516
8$4,362,849$1,570,212$287,948$2,504,690
9$4,580,992$1,650,924$302,345$2,627,722
10$4,810,041$1,735,673$317,463$2,756,906
11$5,050,544$1,824,658$333,336$2,892,549
12$5,303,071$1,918,093$350,003$3,034,975
13$5,568,224$2,016,200$367,503$3,184,521
14$5,846,636$2,119,212$385,878$3,341,545
15$6,138,967$2,227,375$405,172$3,506,420
16$6,445,916$2,340,946$425,430$3,679,539
17$6,768,211$2,460,195$446,702$3,861,314
18$7,106,622$2,585,407$469,037$4,052,178
19$7,461,953$2,716,880$492,489$4,252,584
20$7,835,051$2,854,926$517,113$4,463,011
21$8,226,803$2,999,874$542,969$4,683,960
22$8,638,143$3,152,070$570,117$4,915,956
23$9,070,051$3,311,876$598,623$5,159,551
24$9,523,553$3,479,672$628,555$5,415,327
25$9,999,731$3,655,858$659,982$5,683,891
26$10,499,717$3,840,853$692,981$5,965,883
27$11,024,703$4,035,097$727,630$6,261,975
28$11,575,938$4,239,054$764,012$6,572,872
29$12,154,735$4,453,209$802,213$6,899,313
30$12,762,472$4,678,072$842,323$7,242,077
Total$206,000,000$74,898,715$13,595,998$117,505,280

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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.