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Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 23, 2024

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The tax information provided here is based on 2024 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 $525,000,000 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, Feb 23, 2024
Jackpot:$525,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,902,003$2,881,929$521,532$4,498,542
2$8,297,104$3,028,116$547,609$4,721,379
3$8,711,959$3,181,612$574,989$4,955,357
4$9,147,557$3,342,784$603,739$5,201,034
5$9,604,934$3,512,013$633,926$5,458,995
6$10,085,181$3,689,705$665,622$5,729,854
7$10,589,441$3,876,281$698,903$6,014,257
8$11,118,913$4,072,185$733,848$6,312,879
9$11,674,858$4,277,885$770,541$6,626,432
10$12,258,601$4,493,870$809,068$6,955,663
11$12,871,531$4,720,654$849,521$7,301,356
12$13,515,108$4,958,778$891,997$7,664,333
13$14,190,863$5,208,807$936,597$8,045,459
14$14,900,406$5,471,338$983,427$8,445,641
15$15,645,426$5,746,995$1,032,598$8,865,833
16$16,427,698$6,036,436$1,084,228$9,307,034
17$17,249,082$6,340,348$1,138,439$9,770,295
18$18,111,537$6,659,456$1,195,361$10,256,719
19$19,017,113$6,994,520$1,255,129$10,767,464
20$19,967,969$7,346,336$1,317,886$11,303,747
21$20,966,367$7,715,744$1,383,780$11,866,843
22$22,014,686$8,103,622$1,452,969$12,458,095
23$23,115,420$8,510,893$1,525,618$13,078,909
24$24,271,191$8,938,528$1,601,899$13,730,764
25$25,484,751$9,387,545$1,681,994$14,415,212
26$26,758,989$9,859,014$1,766,093$15,133,882
27$28,096,938$10,354,055$1,854,398$15,888,485
28$29,501,784$10,873,848$1,947,118$16,680,819
29$30,976,874$11,419,631$2,044,474$17,512,769
30$32,525,718$11,992,703$2,146,697$18,386,317
Total$525,000,001$192,995,631$34,650,000$297,354,368

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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.