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

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The tax information provided here is based on 2022 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 $355,000,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Fri, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$352,655$3,050,643
2$5,610,422$2,038,811$370,288$3,201,323
3$5,890,943$2,142,604$388,802$3,359,537
4$6,185,491$2,251,587$408,242$3,525,662
5$6,494,765$2,366,018$428,654$3,700,093
6$6,819,503$2,486,171$450,087$3,883,245
7$7,160,479$2,612,332$472,592$4,075,555
8$7,518,503$2,744,801$496,221$4,277,481
9$7,894,428$2,883,893$521,032$4,489,502
10$8,289,149$3,029,940$547,084$4,712,125
11$8,703,607$3,183,289$574,438$4,945,879
12$9,138,787$3,344,306$603,160$5,191,321
13$9,595,726$3,513,374$633,318$5,449,035
14$10,075,513$3,690,895$664,984$5,719,634
15$10,579,288$3,877,292$698,233$6,003,764
16$11,108,253$4,073,009$733,145$6,302,100
17$11,663,665$4,278,511$769,802$6,615,352
18$12,246,849$4,494,289$808,292$6,944,268
19$12,859,191$4,720,856$848,707$7,289,629
20$13,502,151$4,958,751$891,142$7,652,258
21$14,177,258$5,208,540$935,699$8,033,019
22$14,886,121$5,470,820$982,484$8,432,817
23$15,630,427$5,746,213$1,031,608$8,852,606
24$16,411,948$6,035,376$1,083,189$9,293,384
25$17,232,546$6,338,997$1,137,348$9,756,201
26$18,094,173$6,657,799$1,194,215$10,242,159
27$18,998,882$6,992,541$1,253,926$10,752,414
28$19,948,826$7,344,020$1,316,622$11,288,183
29$20,946,267$7,713,074$1,382,454$11,850,740
30$21,993,581$8,100,580$1,451,576$12,441,424
Total$355,000,001$130,238,650$23,429,999$201,331,353

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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.