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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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The tax information provided here is based on 2022 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 $31,000,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Tue, Jan 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$137,061$30,795$298,738
2$489,924$145,226$32,335$312,363
3$514,420$153,800$33,952$326,669
4$540,141$162,807$35,649$341,685
5$567,149$172,800$37,432$356,917
6$595,506$183,292$39,303$372,910
7$625,281$194,309$41,269$389,704
8$656,545$205,877$43,332$407,337
9$689,373$218,023$45,499$425,851
10$723,841$230,776$47,774$445,291
11$760,033$244,167$50,162$465,704
12$798,035$258,228$52,670$487,137
13$837,937$272,992$55,304$509,641
14$879,834$288,493$58,069$533,271
15$923,825$304,770$60,972$558,082
16$970,016$321,861$64,021$584,134
17$1,018,517$339,806$67,222$611,489
18$1,069,443$358,649$70,583$640,211
19$1,122,915$378,434$74,112$670,369
20$1,179,061$399,208$77,818$702,035
21$1,238,014$421,020$81,709$735,285
22$1,299,915$443,923$85,794$770,197
23$1,364,911$467,972$90,084$806,855
24$1,433,156$493,223$94,588$845,345
25$1,504,814$519,736$99,318$885,760
26$1,580,055$547,575$104,284$928,196
27$1,659,057$576,806$109,498$972,753
28$1,742,010$607,499$114,973$1,019,539
29$1,829,111$639,726$120,721$1,068,663
30$1,920,566$673,564$126,757$1,120,244
Total$31,000,000$10,361,623$2,045,999$18,592,375

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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.