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Delaware Mega Millions Jackpot Annuity Payout Schedule for Dec 30, 2022

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The tax information provided here is based on 2026 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 $685,000,000 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 30, 2022
Jackpot:$685,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,310,233$3,770,743$680,475$5,859,014
2$10,825,745$3,961,483$714,499$6,149,763
3$11,367,032$4,161,759$750,224$6,455,049
4$11,935,384$4,372,049$787,735$6,775,599
5$12,532,152$4,592,854$827,122$7,112,177
6$13,158,760$4,824,699$868,478$7,465,584
7$13,816,699$5,068,136$911,902$7,836,661
8$14,507,533$5,323,745$957,497$8,226,292
9$15,232,910$5,592,134$1,005,372$8,635,404
10$15,994,555$5,873,943$1,055,641$9,064,972
11$16,794,283$6,169,842$1,108,423$9,516,019
12$17,633,997$6,480,536$1,163,844$9,989,617
13$18,515,697$6,806,765$1,222,036$10,486,896
14$19,441,482$7,149,306$1,283,138$11,009,039
15$20,413,556$7,508,973$1,347,295$11,557,288
16$21,434,234$7,886,624$1,414,659$12,132,951
17$22,505,946$8,283,157$1,485,392$12,737,396
18$23,631,243$8,699,517$1,559,662$13,372,064
19$24,812,805$9,136,695$1,637,645$14,038,465
20$26,053,445$9,595,732$1,719,527$14,738,186
21$27,356,118$10,077,721$1,805,504$15,472,893
22$28,723,923$10,583,809$1,895,779$16,244,336
23$30,160,120$11,115,202$1,990,568$17,054,350
24$31,668,125$11,673,164$2,090,096$17,904,865
25$33,251,532$12,259,024$2,194,601$18,797,907
26$34,914,109$12,874,178$2,304,331$19,735,600
27$36,659,814$13,520,089$2,419,548$20,720,178
28$38,492,804$14,198,295$2,540,525$21,753,984
29$40,417,445$14,910,412$2,667,551$22,839,482
30$42,438,317$15,658,135$2,800,929$23,979,254
Total$685,000,001$252,128,721$45,209,998$387,661,285

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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.