USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 24, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2025 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 $7,000,000 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:Tue, Feb 24, 1998
Jackpot:$7,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$105,360$18,133$6,954$80,273
2$110,628$19,398$7,301$83,929
3$116,159$20,725$7,667$87,768
4$121,967$22,119$8,050$91,798
5$128,066$23,583$8,452$96,031
6$134,469$25,120$8,875$100,475
7$141,193$26,733$9,319$105,141
8$148,252$28,428$9,785$110,040
9$155,665$30,207$10,274$115,184
10$163,448$32,075$10,788$120,586
11$171,620$34,036$11,327$126,258
12$180,201$36,095$11,893$132,213
13$189,212$38,258$12,488$138,466
14$198,672$40,638$13,112$144,922
15$208,606$43,817$13,768$151,021
16$219,036$47,155$14,456$157,425
17$229,988$50,659$15,179$164,149
18$241,487$54,339$15,938$171,210
19$253,562$58,294$16,735$178,533
20$266,240$62,731$17,572$185,937
21$279,552$67,390$18,450$193,711
22$293,529$72,282$19,373$201,874
23$308,206$77,419$20,342$210,445
24$323,616$82,813$21,359$219,444
25$339,797$88,476$22,427$228,894
26$356,787$94,423$23,548$238,816
27$374,626$100,666$24,725$249,234
28$393,357$107,222$25,962$260,173
29$413,025$114,106$27,260$271,659
30$433,676$121,334$28,623$283,720
Total$7,000,000$1,638,674$462,002$4,899,329

◄ Back to Jackpot Analysis

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.