USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 1998

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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 $12,000,000 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 8, 1998
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$180,617$36,195$11,921$132,501
2$189,648$38,363$12,517$138,769
3$199,130$40,785$13,143$145,203
4$209,087$43,971$13,800$151,316
5$219,541$47,316$14,490$157,735
6$230,518$50,829$15,214$164,475
7$242,044$54,517$15,975$171,552
8$254,147$58,499$16,774$178,874
9$266,854$62,946$17,612$186,295
10$280,197$67,616$18,493$194,088
11$294,206$72,519$19,418$202,269
12$308,917$77,668$20,389$210,860
13$324,363$83,074$21,408$219,880
14$340,581$88,750$22,478$229,352
15$357,610$94,711$23,602$239,297
16$375,490$100,969$24,782$249,739
17$394,265$107,540$26,021$260,703
18$413,978$114,440$27,323$272,216
19$434,677$121,684$28,689$284,304
20$456,411$129,291$30,123$296,997
21$479,231$137,278$31,629$310,324
22$503,193$145,665$33,211$324,317
23$528,352$154,471$34,871$339,011
24$554,770$163,717$36,615$354,438
25$582,509$173,425$38,446$370,638
26$611,634$183,619$40,368$387,647
27$642,216$194,640$42,386$405,189
28$674,327$206,521$44,506$423,300
29$708,043$218,996$46,731$442,316
30$743,445$232,095$49,067$462,283
Total$12,000,000$3,302,110$792,002$7,905,888

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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.