USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for May 30, 1997

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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 $8,000,000 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, May 30, 1997
Jackpot:$8,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$120,411$21,941$7,947$90,523
2$126,432$23,386$8,345$94,701
3$132,754$24,903$8,762$99,089
4$139,391$26,496$9,200$103,695
5$146,361$28,169$9,660$108,532
6$153,679$29,925$10,143$113,611
7$161,363$31,770$10,650$118,943
8$169,431$33,706$11,182$124,543
9$177,903$35,739$11,742$130,422
10$186,798$37,874$12,329$136,595
11$196,138$40,451$12,945$142,742
12$205,944$43,589$13,592$148,763
13$216,242$46,884$14,272$155,086
14$227,054$50,344$14,986$161,725
15$238,406$53,977$15,735$168,695
16$250,327$57,989$16,522$175,816
17$262,843$62,370$17,348$183,126
18$275,985$66,970$18,215$190,801
19$289,785$71,799$19,126$198,859
20$304,274$76,871$20,082$207,321
21$319,488$82,195$21,086$216,206
22$335,462$87,786$22,140$225,535
23$352,235$93,657$23,248$235,330
24$369,847$99,821$24,410$245,616
25$388,339$106,293$25,630$256,415
26$407,756$113,089$26,912$267,755
27$428,144$120,225$28,257$279,661
28$449,551$127,718$29,670$292,163
29$472,029$135,585$31,154$305,290
30$495,630$143,845$32,712$319,073
Total$8,000,000$1,975,367$528,002$5,496,632

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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.