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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,401,752$1,328,169$11,393,848
2$21,129,957$7,774,041$1,394,577$11,961,339
3$22,186,455$8,164,946$1,464,306$12,557,203
4$23,295,778$8,575,395$1,537,521$13,182,862
5$24,460,566$9,006,367$1,614,397$13,839,802
6$25,683,595$9,458,887$1,695,117$14,529,590
7$26,967,775$9,934,034$1,779,873$15,253,868
8$28,316,164$10,432,938$1,868,867$16,014,359
9$29,731,972$10,956,787$1,962,310$16,812,875
10$31,218,570$11,506,828$2,060,426$17,651,316
11$32,779,499$12,084,372$2,163,447$18,531,680
12$34,418,474$12,690,793$2,271,619$19,456,062
13$36,139,397$13,327,534$2,385,200$20,426,663
14$37,946,368$13,996,113$2,504,460$21,445,794
15$39,843,686$14,698,121$2,629,683$22,515,881
16$41,835,870$15,435,229$2,761,167$23,639,474
17$43,927,663$16,209,193$2,899,226$24,819,245
18$46,124,047$17,021,854$3,044,187$26,058,005
19$48,430,249$17,875,149$3,196,396$27,358,703
20$50,851,761$18,771,109$3,356,216$28,724,436
21$53,394,349$19,711,866$3,524,027$30,158,456
22$56,064,067$20,699,662$3,700,228$31,664,176
23$58,867,270$21,736,847$3,885,240$33,245,183
24$61,810,633$22,825,891$4,079,502$34,905,240
25$64,901,165$23,969,388$4,283,477$36,648,300
26$68,146,224$25,170,060$4,497,651$38,478,513
27$71,553,535$26,430,765$4,722,533$40,400,237
28$75,131,211$27,754,505$4,958,660$42,418,046
29$78,887,772$29,144,433$5,206,593$44,536,746
30$82,832,161$30,603,857$5,466,923$46,761,382
Total$1,337,000,003$493,368,716$88,241,998$755,389,284

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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.