USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Dec 14, 2001

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The tax information provided here is based on 2026 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 $28,000,000 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, Dec 14, 2001
Jackpot:$28,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$421,440$116,273$27,815$277,352
2$442,512$123,649$29,206$289,658
3$464,638$131,392$30,666$302,579
4$487,870$139,524$32,199$316,147
5$512,263$148,061$33,809$330,392
6$537,876$157,026$35,500$345,351
7$564,770$166,439$37,275$361,057
8$593,009$176,322$39,139$377,548
9$622,659$186,700$41,096$394,864
10$653,792$197,860$43,150$412,781
11$686,482$209,955$45,308$431,218
12$720,806$222,655$47,573$450,577
13$756,846$235,990$49,952$470,904
14$794,688$249,992$52,449$492,247
15$834,423$264,694$55,072$514,657
16$876,144$280,130$57,825$538,188
17$919,951$296,339$60,717$562,895
18$965,949$313,358$63,753$588,838
19$1,014,246$331,228$66,940$616,078
20$1,064,958$349,992$70,287$644,679
21$1,118,206$369,694$73,802$674,711
22$1,174,117$390,380$77,492$706,245
23$1,232,822$412,102$81,366$739,355
24$1,294,464$434,909$85,435$774,120
25$1,359,187$458,856$89,706$810,624
26$1,427,146$484,001$94,192$848,953
27$1,498,503$510,403$98,901$889,199
28$1,573,429$538,126$103,846$931,456
29$1,652,100$567,234$109,039$975,827
30$1,734,705$597,798$114,491$1,022,416
Total$28,000,000$9,061,082$1,848,001$17,090,916

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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.