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Delaware Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

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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 $516,000,000 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, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$512,592$4,422,141
2$8,154,868$2,975,489$538,221$4,641,158
3$8,562,611$3,126,354$565,132$4,871,125
4$8,990,742$3,284,762$593,389$5,112,591
5$9,440,278$3,451,091$623,058$5,366,129
6$9,912,292$3,625,736$654,211$5,632,345
7$10,407,907$3,809,113$686,922$5,911,872
8$10,928,303$4,001,660$721,268$6,205,375
9$11,474,718$4,203,833$757,331$6,513,553
10$12,048,453$4,416,116$795,198$6,837,140
11$12,650,876$4,639,012$834,958$7,176,906
12$13,283,420$4,873,053$876,706$7,533,661
13$13,947,591$5,118,796$920,541$7,908,254
14$14,644,971$5,376,827$966,568$8,301,576
15$15,377,219$5,647,759$1,014,896$8,714,564
16$16,146,080$5,932,237$1,065,641$9,148,201
17$16,953,384$6,230,940$1,118,923$9,603,521
18$17,801,053$6,544,577$1,174,870$10,081,606
19$18,691,106$6,873,897$1,233,613$10,583,596
20$19,625,661$7,219,682$1,295,294$11,110,685
21$20,606,944$7,582,757$1,360,058$11,664,129
22$21,637,291$7,963,986$1,428,061$12,245,245
23$22,719,156$8,364,275$1,499,464$12,855,416
24$23,855,113$8,784,580$1,574,437$13,496,096
25$25,047,869$9,225,899$1,653,159$14,168,810
26$26,300,263$9,689,285$1,735,817$14,875,161
27$27,615,276$10,175,840$1,822,608$15,616,828
28$28,996,040$10,686,722$1,913,739$16,395,579
29$30,445,842$11,223,149$2,009,426$17,213,267
30$31,968,134$11,786,397$2,109,897$18,071,840
Total$516,000,001$189,665,632$34,055,998$292,278,370

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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.