USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Mar 24, 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 $30,000,000 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, Mar 24, 1998
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$451,543$128,415$29,802$293,326
2$474,120$136,317$31,292$306,511
3$497,826$144,614$32,857$320,356
4$522,718$153,326$34,499$334,892
5$548,853$162,473$36,224$350,156
6$576,296$172,078$38,036$366,182
7$605,111$182,164$39,937$383,010
8$635,366$193,273$41,934$400,159
9$667,135$205,028$44,031$418,076
10$700,491$217,370$46,232$436,889
11$735,516$230,329$48,544$456,643
12$772,292$243,936$50,971$477,385
13$810,906$258,223$53,520$499,163
14$851,452$273,225$56,196$522,031
15$894,024$288,977$59,006$546,042
16$938,726$305,516$61,956$571,253
17$985,662$322,883$65,054$597,726
18$1,034,945$341,117$68,306$625,521
19$1,086,692$360,264$71,722$654,707
20$1,141,027$380,368$75,308$685,351
21$1,198,078$401,477$79,073$717,528
22$1,257,982$423,641$83,027$751,314
23$1,320,881$446,914$87,178$786,789
24$1,386,925$471,350$91,537$824,038
25$1,456,271$497,008$96,114$863,149
26$1,529,085$523,949$100,920$904,216
27$1,605,539$552,237$105,966$947,336
28$1,685,816$581,940$111,264$992,613
29$1,770,107$613,127$116,827$1,040,153
30$1,858,612$645,874$122,668$1,090,070
Total$30,000,000$9,857,413$1,980,001$18,162,585

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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.