USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Jun 26, 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 $13,000,000 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, Jun 26, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$12,914$142,454
2$205,452$43,431$13,560$148,461
3$215,725$46,718$14,238$154,768
4$226,511$50,170$14,950$161,391
5$237,836$53,794$15,697$168,345
6$249,728$57,780$16,482$175,467
7$262,215$62,150$17,306$182,759
8$275,325$66,739$18,171$190,415
9$289,092$71,557$19,080$198,455
10$303,546$76,616$20,034$206,896
11$318,724$81,928$21,036$215,760
12$334,660$87,506$22,088$225,067
13$351,393$93,362$23,192$234,839
14$368,962$99,512$24,352$245,099
15$387,411$105,968$25,569$255,873
16$406,781$112,748$26,848$267,185
17$427,120$119,867$28,190$279,063
18$448,476$127,341$29,599$291,535
19$470,900$135,190$31,079$304,631
20$494,445$143,430$32,633$318,381
21$519,167$152,083$34,265$332,819
22$545,126$161,169$35,978$347,979
23$572,382$170,708$37,777$363,896
24$601,001$180,725$39,666$380,610
25$631,051$191,677$41,649$397,725
26$662,604$203,351$43,732$415,521
27$695,734$215,609$45,918$434,206
28$730,520$228,480$48,214$453,826
29$767,046$241,995$50,625$474,426
30$805,399$256,185$53,156$496,057
Total$13,000,000$3,678,089$857,998$8,463,909

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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.