USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 15, 1999

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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 $27,000,000 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, Jan 15, 1999
Jackpot:$27,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$406,389$111,783$26,822$267,784
2$426,708$118,895$28,163$279,650
3$448,044$126,363$29,571$292,110
4$470,446$134,203$31,049$305,193
5$493,968$142,436$32,602$318,930
6$518,666$151,081$34,232$333,354
7$544,600$160,157$35,944$348,499
8$571,830$169,688$37,741$364,401
9$600,421$179,695$39,628$381,099
10$630,442$190,284$41,609$398,549
11$661,964$201,947$43,690$416,328
12$695,063$214,193$45,874$434,995
13$729,816$227,052$48,168$454,596
14$766,307$240,554$50,576$475,177
15$804,622$254,730$53,105$496,787
16$844,853$269,616$55,760$519,477
17$887,096$285,246$58,548$543,302
18$931,450$301,657$61,476$568,318
19$978,023$318,889$64,550$594,585
20$1,026,924$336,982$67,777$622,165
21$1,078,270$355,980$71,166$651,124
22$1,132,184$375,928$74,724$681,531
23$1,188,793$396,874$78,460$713,459
24$1,248,233$418,866$82,383$746,983
25$1,310,644$441,959$86,503$782,183
26$1,376,177$466,206$90,828$819,143
27$1,444,985$491,665$95,369$857,952
28$1,517,235$518,397$100,137$898,700
29$1,593,096$546,466$105,144$941,486
30$1,672,751$575,938$110,402$986,411
Total$27,000,000$8,723,730$1,782,001$16,494,271

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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.