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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 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 $221,000,000 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:Fri, Jan 9, 2015
Jackpot:$221,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,326,367$1,186,713$219,540$1,920,114
2$3,492,686$1,248,251$230,517$2,013,917
3$3,667,320$1,312,866$242,043$2,112,411
4$3,850,686$1,380,711$254,145$2,215,830
5$4,043,220$1,451,949$266,853$2,324,419
6$4,245,381$1,526,748$280,195$2,438,438
7$4,457,650$1,605,288$294,205$2,558,157
8$4,680,533$1,687,754$308,915$2,683,863
9$4,914,559$1,774,344$324,361$2,815,854
10$5,160,287$1,865,264$340,579$2,954,445
11$5,418,302$1,960,729$357,608$3,099,965
12$5,689,217$2,060,967$375,488$3,252,761
13$5,973,678$2,166,218$394,263$3,413,197
14$6,272,361$2,276,731$413,976$3,581,655
15$6,585,979$2,392,770$434,675$3,758,535
16$6,915,279$2,514,610$456,408$3,944,260
17$7,261,042$2,642,543$479,229$4,139,271
18$7,624,094$2,776,872$503,190$4,344,032
19$8,005,299$2,917,918$528,350$4,559,031
20$8,405,564$3,066,016$554,767$4,784,781
21$8,825,842$3,221,519$582,506$5,021,818
22$9,267,134$3,384,797$611,631$5,270,707
23$9,730,491$3,556,239$642,212$5,532,040
24$10,217,016$3,736,253$674,323$5,806,440
25$10,727,866$3,925,268$708,039$6,094,559
26$11,264,260$4,123,733$743,441$6,397,085
27$11,827,473$4,332,122$780,613$6,714,737
28$12,418,846$4,550,930$819,644$7,048,272
29$13,039,789$4,780,679$860,626$7,398,484
30$13,691,778$5,021,915$903,657$7,766,206
Total$221,000,000$80,448,717$14,585,999$125,965,284

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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.