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Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 2, 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 $60,000,000 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 2, 1999
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$903,086$291,162$59,604$552,320
2$948,240$307,869$62,584$577,787
3$995,652$325,412$65,713$604,528
4$1,045,435$343,831$68,999$632,605
5$1,097,707$363,172$72,449$662,086
6$1,152,592$383,479$76,071$693,042
7$1,210,222$404,802$79,875$725,545
8$1,270,733$427,191$83,868$759,673
9$1,334,270$450,700$88,062$795,508
10$1,400,983$475,384$92,465$833,134
11$1,471,032$501,302$97,088$872,642
12$1,544,584$528,516$101,943$914,125
13$1,621,813$557,091$107,040$957,682
14$1,702,904$587,095$112,392$1,003,417
15$1,788,049$618,598$118,011$1,051,439
16$1,877,451$651,677$123,912$1,101,862
17$1,971,324$686,410$130,107$1,154,806
18$2,069,890$722,880$136,613$1,210,398
19$2,173,384$761,172$143,443$1,268,769
20$2,282,054$801,380$150,616$1,330,058
21$2,396,156$843,598$158,146$1,394,412
22$2,515,964$887,927$166,054$1,461,984
23$2,641,762$934,472$174,356$1,532,934
24$2,773,850$983,345$183,074$1,607,431
25$2,912,543$1,034,661$192,228$1,685,654
26$3,058,170$1,088,543$201,839$1,767,788
27$3,211,079$1,145,119$211,931$1,854,028
28$3,371,633$1,204,524$222,528$1,944,580
29$3,540,214$1,266,899$233,654$2,039,661
30$3,717,225$1,332,393$245,337$2,139,495
Total$60,000,000$20,910,604$3,960,002$35,129,393

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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.