USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 16, 1999

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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 $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, Feb 16, 1999
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$36,391$11,921$132,306
2$189,648$38,558$12,517$138,573
3$199,130$41,408$13,143$144,580
4$209,087$44,594$13,800$150,693
5$219,541$47,940$14,490$157,112
6$230,518$51,452$15,214$163,852
7$242,044$55,141$15,975$170,929
8$254,147$59,326$16,774$178,047
9$266,854$63,774$17,612$185,468
10$280,197$68,444$18,493$193,260
11$294,206$73,347$19,418$201,442
12$308,917$78,496$20,389$210,033
13$324,363$83,902$21,408$219,053
14$340,581$89,578$22,478$228,524
15$357,610$95,538$23,602$238,469
16$375,490$101,796$24,782$248,912
17$394,265$108,367$26,021$259,876
18$413,978$115,267$27,323$271,388
19$434,677$122,512$28,689$283,477
20$456,411$130,119$30,123$296,169
21$479,231$138,106$31,629$309,496
22$503,193$146,492$33,211$323,490
23$528,352$155,298$34,871$338,183
24$554,770$164,544$36,615$353,611
25$582,509$174,253$38,446$369,810
26$611,634$184,492$40,368$386,774
27$642,216$195,808$42,386$404,022
28$674,327$207,689$44,506$422,132
29$708,043$220,164$46,731$441,148
30$743,445$233,262$49,067$461,115
Total$12,000,000$3,326,058$792,002$7,881,944

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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.