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Delaware Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,400,567$257,289$2,240,466
2$4,093,238$1,472,686$270,154$2,350,398
3$4,297,900$1,548,411$283,661$2,465,828
4$4,512,795$1,627,922$297,844$2,587,028
5$4,738,434$1,711,408$312,737$2,714,289
6$4,975,356$1,799,069$328,374$2,847,913
7$5,224,124$1,891,114$344,792$2,988,218
8$5,485,330$1,987,760$362,032$3,135,538
9$5,759,597$2,089,239$380,133$3,290,225
10$6,047,576$2,195,791$399,140$3,452,645
11$6,349,955$2,307,671$419,097$3,623,187
12$6,667,453$2,425,145$440,052$3,802,256
13$7,000,826$2,548,493$462,054$3,990,278
14$7,350,867$2,678,009$485,157$4,187,701
15$7,718,410$2,814,000$509,415$4,394,996
16$8,104,331$2,956,790$534,886$4,612,655
17$8,509,547$3,106,720$561,630$4,841,197
18$8,935,025$3,264,147$589,712$5,081,166
19$9,381,776$3,429,445$619,197$5,333,134
20$9,850,865$3,603,008$650,157$5,597,700
21$10,343,408$3,785,249$682,665$5,875,494
22$10,860,578$3,976,602$716,798$6,167,178
23$11,403,607$4,177,522$752,638$6,473,447
24$11,973,788$4,388,489$790,270$6,795,028
25$12,572,477$4,610,004$829,783$7,132,689
26$13,201,101$4,842,595$871,273$7,487,233
27$13,861,156$5,086,815$914,836$7,859,504
28$14,554,214$5,343,247$960,578$8,250,389
29$15,281,924$5,612,500$1,008,607$8,660,818
30$16,046,021$5,895,215$1,059,037$9,091,768
Total$259,000,001$94,575,633$17,093,998$147,330,366

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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.