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Delaware Mega Millions Jackpot Annuity Payout Schedule for Dec 23, 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 $510,000,000 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, Dec 23, 2022
Jackpot:$510,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,676,232$2,798,394$506,631$4,371,207
2$8,060,044$2,940,404$531,963$4,587,677
3$8,463,046$3,089,515$558,561$4,814,970
4$8,886,198$3,246,081$586,489$5,053,628
5$9,330,508$3,410,476$615,814$5,304,219
6$9,797,033$3,583,090$646,604$5,567,339
7$10,286,885$3,764,335$678,934$5,843,615
8$10,801,229$3,954,643$712,881$6,133,706
9$11,341,291$4,154,465$748,525$6,438,300
10$11,908,355$4,364,279$785,951$6,758,125
11$12,503,773$4,584,584$825,249$7,093,940
12$13,128,962$4,815,904$866,511$7,446,547
13$13,785,410$5,058,789$909,837$7,816,783
14$14,474,680$5,313,819$955,329$8,205,532
15$15,198,414$5,581,601$1,003,095$8,613,718
16$15,958,335$5,862,772$1,053,250$9,042,313
17$16,756,251$6,158,001$1,105,913$9,492,338
18$17,594,064$6,467,991$1,161,208$9,964,864
19$18,473,767$6,793,482$1,219,269$10,461,017
20$19,397,456$7,135,246$1,280,232$10,981,977
21$20,367,328$7,494,099$1,344,244$11,528,985
22$21,385,695$7,870,895$1,411,456$12,103,344
23$22,454,980$8,266,530$1,482,029$12,706,421
24$23,577,728$8,681,947$1,556,130$13,339,651
25$24,756,615$9,118,135$1,633,937$14,004,543
26$25,994,446$9,576,133$1,715,633$14,702,680
27$27,294,168$10,057,030$1,801,415$15,435,723
28$28,658,876$10,561,972$1,891,486$16,205,418
29$30,091,820$11,092,161$1,986,060$17,013,599
30$31,596,411$11,648,860$2,085,363$17,862,188
Total$510,000,001$187,445,633$33,659,999$288,894,367

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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.