USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 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 $35,000,000 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 22, 1999
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$526,800$153,927$34,769$338,104
2$553,140$163,146$36,507$353,487
3$580,797$172,826$38,333$369,638
4$609,837$182,990$40,249$386,598
5$640,329$193,942$42,262$404,125
6$672,345$205,788$44,375$422,183
7$705,963$218,226$46,594$441,143
8$741,261$231,287$48,923$461,051
9$778,324$245,000$51,369$481,954
10$817,240$259,399$53,938$503,903
11$858,102$274,518$56,635$526,949
12$901,007$290,393$59,466$551,148
13$946,058$307,062$62,440$576,556
14$993,360$324,564$65,562$603,235
15$1,043,028$342,941$68,840$631,248
16$1,095,180$362,237$72,282$660,661
17$1,149,939$382,498$75,896$691,545
18$1,207,436$403,771$79,691$723,974
19$1,267,808$426,109$83,675$758,023
20$1,331,198$449,563$87,859$793,775
21$1,397,758$474,191$92,252$831,315
22$1,467,646$500,049$96,865$870,732
23$1,541,028$527,201$101,708$912,120
24$1,618,079$555,710$106,793$955,577
25$1,698,983$585,644$112,133$1,001,206
26$1,783,933$617,075$117,740$1,049,118
27$1,873,129$650,078$123,627$1,099,425
28$1,966,786$684,731$129,808$1,152,247
29$2,065,125$721,116$136,298$1,207,710
30$2,168,381$759,321$143,113$1,265,947
Total$35,000,000$11,665,303$2,310,002$21,024,697

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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.