USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Sep 22, 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 $20,000,000 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, Sep 22, 1998
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$75,735$19,868$205,426
2$316,080$81,003$20,861$214,216
3$331,884$86,534$21,904$223,446
4$348,478$92,342$23,000$233,137
5$365,902$98,441$24,150$243,312
6$384,197$104,844$25,357$253,997
7$403,407$111,567$26,625$265,215
8$423,578$118,627$27,956$276,995
9$444,757$126,040$29,354$289,363
10$466,994$133,823$30,822$302,350
11$490,344$141,995$32,363$315,986
12$514,861$150,576$33,981$330,304
13$540,604$159,586$35,680$345,338
14$567,635$169,047$37,464$361,124
15$596,016$178,980$39,337$377,699
16$625,817$189,740$41,304$394,773
17$657,108$201,318$43,369$412,421
18$689,963$213,474$45,538$430,952
19$724,461$226,238$47,814$450,409
20$760,685$239,641$50,205$470,838
21$798,719$253,714$52,715$492,290
22$838,655$268,490$55,351$514,814
23$880,587$284,005$58,119$538,464
24$924,617$300,296$61,025$563,296
25$970,848$317,401$64,076$589,370
26$1,019,390$335,362$67,280$616,748
27$1,070,360$354,221$70,644$645,495
28$1,123,878$374,022$74,176$675,679
29$1,180,071$394,814$77,885$707,373
30$1,239,075$416,645$81,779$740,651
Total$20,000,000$6,198,521$1,320,002$12,481,481

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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.