USA Mega

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

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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 $47,000,000 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, Aug 14, 2001
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$218,765$46,690$441,963
2$742,788$231,852$49,024$461,912
3$779,928$245,594$51,475$482,859
4$818,924$260,022$54,049$504,853
5$859,870$275,172$56,751$527,947
6$902,864$291,080$59,589$552,195
7$948,007$307,783$62,568$577,656
8$995,407$325,321$65,697$604,390
9$1,045,178$343,736$68,982$632,460
10$1,097,437$363,072$72,431$661,934
11$1,152,308$383,374$76,052$692,882
12$1,209,924$404,692$79,855$725,377
13$1,270,420$427,076$83,848$759,497
14$1,333,941$450,578$88,040$795,323
15$1,400,638$475,256$92,442$832,940
16$1,470,670$501,168$97,064$872,438
17$1,544,204$528,376$101,917$913,911
18$1,621,414$556,943$107,013$957,457
19$1,702,484$586,939$112,364$1,003,181
20$1,787,609$618,435$117,982$1,051,191
21$1,876,989$651,506$123,881$1,101,602
22$1,970,839$686,231$130,075$1,154,533
23$2,069,380$722,691$136,579$1,210,110
24$2,172,849$760,975$143,408$1,268,467
25$2,281,492$801,172$150,578$1,329,741
26$2,395,567$843,380$158,107$1,394,079
27$2,515,345$887,698$166,013$1,461,634
28$2,641,112$934,232$174,313$1,532,567
29$2,773,168$983,092$183,029$1,607,046
30$2,911,826$1,034,396$192,181$1,685,250
Total$47,000,000$16,100,607$3,101,997$27,797,395

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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.