USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Dec 18, 1998

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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 $10,000,000 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, Dec 18, 1998
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$29,166$9,934$111,414
2$158,040$30,972$10,431$116,637
3$165,942$32,869$10,952$122,121
4$174,239$34,860$11,500$127,879
5$182,951$36,951$12,075$133,926
6$192,099$39,158$12,679$140,262
7$201,704$42,232$13,312$146,160
8$211,789$45,459$13,978$152,352
9$222,378$48,848$14,677$158,854
10$233,497$52,406$15,411$165,681
11$245,172$56,185$16,181$172,806
12$257,431$60,475$16,990$179,965
13$270,302$64,981$17,840$187,482
14$283,817$69,711$18,732$195,375
15$298,008$74,678$19,669$203,662
16$312,909$79,893$20,652$212,364
17$328,554$85,369$21,685$221,501
18$344,982$91,118$22,769$231,095
19$362,231$97,156$23,907$241,168
20$380,342$103,495$25,103$251,745
21$399,359$110,151$26,358$262,851
22$419,327$117,139$27,676$274,512
23$440,294$124,478$29,059$286,757
24$462,308$132,183$30,512$299,613
25$485,424$140,273$32,038$313,113
26$509,695$148,768$33,640$327,287
27$535,180$157,688$35,322$342,170
28$561,939$167,053$37,088$357,797
29$590,036$176,887$38,942$374,206
30$619,537$187,417$40,889$391,231
Total$10,000,000$2,638,019$660,001$6,701,986

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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.