USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 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 $15,000,000 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, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,933$14,901$160,937
2$237,060$53,546$15,646$167,868
3$248,913$57,494$16,428$174,991
4$261,359$61,850$17,250$182,259
5$274,427$66,424$18,112$189,890
6$288,148$71,227$19,018$197,904
7$302,555$76,269$19,969$206,318
8$317,683$81,564$20,967$215,152
9$333,567$87,123$22,015$224,429
10$350,246$92,961$23,116$234,169
11$367,758$99,090$24,272$244,396
12$386,146$105,526$25,486$255,134
13$405,453$112,283$26,760$266,410
14$425,726$119,379$28,098$278,249
15$447,012$126,829$29,503$290,680
16$469,363$134,652$30,978$303,733
17$492,831$142,866$32,527$317,439
18$517,472$151,490$34,153$331,829
19$543,346$160,546$35,861$346,939
20$570,513$170,054$37,654$362,805
21$599,039$180,038$39,537$379,464
22$628,991$190,914$41,513$396,563
23$660,441$202,551$43,589$414,301
24$693,463$214,769$45,769$432,925
25$728,136$227,598$48,057$452,481
26$764,543$241,068$50,460$473,014
27$802,770$255,213$52,983$494,574
28$842,908$270,064$55,632$517,212
29$885,054$285,658$58,414$540,982
30$929,306$302,031$61,334$565,941
Total$15,000,000$4,391,010$990,002$9,618,988

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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.