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Delaware Mega Millions Jackpot Annuity Payout Schedule for Mar 29, 2002

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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 $76,000,000 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, Mar 29, 2002
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$379,204$75,498$689,207
2$1,201,105$400,366$79,273$721,466
3$1,261,160$422,586$83,237$755,337
4$1,324,218$445,918$87,398$790,902
5$1,390,429$470,416$91,768$828,244
6$1,459,950$496,139$96,357$867,455
7$1,532,948$523,148$101,175$908,625
8$1,609,595$551,507$106,233$951,854
9$1,690,075$581,285$111,545$997,245
10$1,774,578$612,551$117,122$1,044,905
11$1,863,307$645,381$122,978$1,094,948
12$1,956,473$679,852$129,127$1,147,493
13$2,054,296$716,047$135,584$1,202,666
14$2,157,011$754,051$142,363$1,260,597
15$2,264,862$793,956$149,481$1,321,425
16$2,378,105$835,856$156,955$1,385,294
17$2,497,010$879,851$164,803$1,452,356
18$2,621,861$926,046$173,043$1,522,772
19$2,752,954$974,550$181,695$1,596,709
20$2,890,601$1,025,480$190,780$1,674,342
21$3,035,131$1,078,956$200,319$1,755,857
22$3,186,888$1,135,106$210,335$1,841,448
23$3,346,232$1,194,063$220,851$1,931,318
24$3,513,544$1,255,968$231,894$2,025,681
25$3,689,221$1,320,969$243,489$2,124,763
26$3,873,682$1,389,220$255,663$2,228,799
27$4,067,366$1,460,883$268,446$2,338,037
28$4,270,735$1,536,129$281,868$2,452,737
29$4,484,271$1,615,138$295,962$2,573,172
30$4,708,485$1,698,097$310,760$2,699,628
Total$76,000,000$26,798,719$5,016,002$44,185,282

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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.