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Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 17, 2004

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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 $177,000,000 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 17, 2004
Jackpot:$177,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,664,104$941,676$175,831$1,546,597
2$2,797,309$990,962$184,622$1,621,725
3$2,937,175$1,042,712$193,854$1,700,609
4$3,084,033$1,097,050$203,546$1,783,438
5$3,238,235$1,154,104$213,724$1,870,407
6$3,400,147$1,214,012$224,410$1,961,726
7$3,570,154$1,276,914$235,630$2,057,610
8$3,748,662$1,342,962$247,412$2,158,288
9$3,936,095$1,412,312$259,782$2,264,000
10$4,132,900$1,485,130$272,771$2,374,998
11$4,339,545$1,561,589$286,410$2,491,546
12$4,556,522$1,641,870$300,730$2,613,921
13$4,784,348$1,726,166$315,767$2,742,415
14$5,023,566$1,814,676$331,555$2,877,334
15$5,274,744$1,907,612$348,133$3,018,998
16$5,538,481$2,005,195$365,540$3,167,746
17$5,815,405$2,107,657$383,817$3,323,931
18$6,106,175$2,215,242$403,008$3,487,926
19$6,411,484$2,328,206$423,158$3,660,120
20$6,732,058$2,446,819$444,316$3,840,924
21$7,068,661$2,571,362$466,532$4,030,768
22$7,422,094$2,702,132$489,858$4,230,104
23$7,793,199$2,839,441$514,351$4,439,407
24$8,182,859$2,983,615$540,069$4,659,175
25$8,592,002$3,134,998$567,072$4,889,932
26$9,021,602$3,293,950$595,426$5,132,226
27$9,472,682$3,460,850$625,197$5,386,635
28$9,946,316$3,636,094$656,457$5,653,765
29$10,443,632$3,820,101$689,280$5,934,251
30$10,965,813$4,013,308$723,744$6,228,762
Total$177,000,000$64,168,717$11,682,002$101,149,284

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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.