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Delaware Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,768,123$322,853$2,800,740
2$5,136,302$1,858,620$338,996$2,938,687
3$5,393,117$1,953,641$355,946$3,083,530
4$5,662,773$2,053,414$373,743$3,235,616
5$5,945,912$2,158,175$392,430$3,395,306
6$6,243,207$2,268,174$412,052$3,562,981
7$6,555,368$2,383,674$432,654$3,739,040
8$6,883,136$2,504,948$454,287$3,923,901
9$7,227,293$2,632,286$477,001$4,118,006
10$7,588,658$2,765,991$500,851$4,321,815
11$7,968,091$2,906,381$525,894$4,535,815
12$8,366,495$3,053,791$552,189$4,760,516
13$8,784,820$3,208,571$579,798$4,996,451
14$9,224,061$3,371,090$608,788$5,244,183
15$9,685,264$3,541,735$639,227$5,504,301
16$10,169,527$3,720,913$671,189$5,777,426
17$10,678,003$3,909,049$704,748$6,064,206
18$11,211,904$4,106,592$739,986$6,365,326
19$11,772,499$4,314,012$776,985$6,681,502
20$12,361,124$4,531,804$815,834$7,013,486
21$12,979,180$4,760,484$856,626$7,362,070
22$13,628,139$5,000,599$899,457$7,728,083
23$14,309,546$5,252,720$944,430$8,112,396
24$15,025,023$5,517,446$991,652$8,515,925
25$15,776,274$5,795,409$1,041,234$8,939,631
26$16,565,088$6,087,270$1,093,296$9,384,522
27$17,393,343$6,393,724$1,147,961$9,851,657
28$18,263,009$6,715,501$1,205,359$10,342,150
29$19,176,160$7,053,367$1,265,627$10,857,166
30$20,134,968$7,408,126$1,328,908$11,397,934
Total$325,000,001$118,995,630$21,450,001$184,554,368

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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.