USA Mega

Delaware Mega Millions Jackpot Annuity Payout Schedule for Jul 13, 2007

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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 $17,000,000 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, Jul 13, 2007
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$58,336$16,888$180,651
2$268,668$62,803$17,732$188,133
3$282,102$67,505$18,619$195,978
4$296,207$72,442$19,550$204,215
5$311,017$77,625$20,527$212,865
6$326,568$83,068$21,553$221,946
7$342,896$88,783$22,631$231,482
8$360,041$94,784$23,763$241,495
9$378,043$101,084$24,951$252,008
10$396,945$107,700$26,198$263,047
11$416,792$114,647$27,508$274,638
12$437,632$121,940$28,884$286,808
13$459,514$129,599$30,328$299,587
14$482,489$137,641$31,844$313,005
15$506,614$146,084$33,437$327,093
16$531,945$154,950$35,108$341,886
17$558,542$164,259$36,864$357,419
18$586,469$174,033$38,707$373,729
19$615,792$184,297$40,642$390,853
20$646,582$195,193$42,674$408,715
21$678,911$207,154$44,808$426,949
22$712,856$219,714$47,049$446,094
23$748,499$232,902$49,401$466,196
24$785,924$246,749$51,871$487,304
25$825,220$261,289$54,465$509,467
26$866,482$276,555$57,188$532,738
27$909,806$292,585$60,047$557,173
28$955,296$309,417$63,050$582,830
29$1,003,061$327,090$66,202$609,769
30$1,053,214$345,646$69,512$638,055
Total$17,000,000$5,055,874$1,122,001$10,822,128

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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.