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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$448,021$3,865,588
2$7,127,607$2,600,170$470,422$4,057,015
3$7,483,987$2,732,030$493,943$4,258,014
4$7,858,187$2,870,484$518,640$4,469,062
5$8,251,096$3,015,861$544,572$4,690,663
6$8,663,651$3,168,506$571,801$4,923,344
7$9,096,834$3,328,783$600,391$5,167,659
8$9,551,675$3,497,075$630,411$5,424,190
9$10,029,259$3,673,781$661,931$5,693,547
10$10,530,722$3,859,322$695,028$5,976,372
11$11,057,258$4,054,140$729,779$6,273,339
12$11,610,121$4,258,700$766,268$6,585,153
13$12,190,627$4,473,487$804,581$6,912,559
14$12,800,158$4,699,014$844,810$7,256,334
15$13,440,166$4,935,816$887,051$7,617,299
16$14,112,175$5,184,460$931,404$7,996,312
17$14,817,783$5,445,535$977,974$8,394,275
18$15,558,672$5,719,664$1,026,872$8,812,136
19$16,336,606$6,007,499$1,078,216$9,250,891
20$17,153,436$6,309,726$1,132,127$9,711,583
21$18,011,108$6,627,065$1,188,733$10,195,310
22$18,911,663$6,960,270$1,248,170$10,703,223
23$19,857,247$7,310,136$1,310,578$11,236,532
24$20,850,109$7,677,495$1,376,107$11,796,506
25$21,892,614$8,063,222$1,444,913$12,384,479
26$22,987,245$8,468,236$1,517,158$13,001,851
27$24,136,608$8,893,500$1,593,016$13,650,092
28$25,343,438$9,340,027$1,672,667$14,330,744
29$26,610,610$9,808,881$1,756,300$15,045,429
30$27,941,140$10,301,177$1,844,115$15,795,848
Total$451,000,001$165,758,650$29,765,999$255,475,349

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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.