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Delaware Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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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 $188,000,000 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:Fri, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$186,758$1,631,862
2$2,971,153$1,063,399$196,096$1,711,658
3$3,119,711$1,118,365$205,901$1,795,445
4$3,275,697$1,176,080$216,196$1,883,421
5$3,439,481$1,236,680$227,006$1,975,795
6$3,611,455$1,300,311$238,356$2,072,789
7$3,792,028$1,367,123$250,274$2,174,632
8$3,981,630$1,437,275$262,788$2,281,567
9$4,180,711$1,510,935$275,927$2,393,849
10$4,389,747$1,588,278$289,723$2,511,745
11$4,609,234$1,669,489$304,209$2,635,536
12$4,839,696$1,754,760$319,420$2,765,516
13$5,081,680$1,844,294$335,391$2,901,996
14$5,335,764$1,938,305$352,160$3,045,299
15$5,602,553$2,037,017$369,768$3,195,767
16$5,882,680$2,140,664$388,257$3,353,759
17$6,176,814$2,249,494$407,670$3,519,651
18$6,485,655$2,363,765$428,053$3,693,837
19$6,809,938$2,483,749$449,456$3,876,733
20$7,150,435$2,609,733$471,929$4,068,773
21$7,507,956$2,742,016$495,525$4,270,415
22$7,883,354$2,880,913$520,301$4,482,140
23$8,277,522$3,026,755$546,316$4,704,450
24$8,691,398$3,179,889$573,632$4,937,876
25$9,125,968$3,340,680$602,314$5,182,974
26$9,582,266$3,509,511$632,430$5,440,326
27$10,061,380$3,686,783$664,051$5,710,546
28$10,564,449$3,872,918$697,254$5,994,277
29$11,092,671$4,068,361$732,116$6,292,194
30$11,647,305$4,273,575$768,722$6,605,008
Total$188,000,000$68,482,167$12,407,999$107,109,836

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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.