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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,081,891$1,092,734$9,381,953
2$17,384,408$6,388,188$1,147,371$9,848,849
3$18,253,628$6,709,799$1,204,739$10,339,089
4$19,166,310$7,047,492$1,264,976$10,853,841
5$20,124,624$7,402,068$1,328,225$11,394,331
6$21,130,856$7,774,374$1,394,636$11,961,845
7$22,187,399$8,165,295$1,464,368$12,557,736
8$23,296,769$8,575,762$1,537,587$13,183,421
9$24,461,608$9,006,752$1,614,466$13,840,389
10$25,684,688$9,459,292$1,695,189$14,530,207
11$26,968,922$9,934,458$1,779,949$15,254,515
12$28,317,368$10,433,383$1,868,946$16,015,038
13$29,733,237$10,957,255$1,962,394$16,813,588
14$31,219,899$11,507,320$2,060,513$17,652,066
15$32,780,893$12,084,888$2,163,539$18,532,467
16$34,419,938$12,691,334$2,271,716$19,456,888
17$36,140,935$13,328,103$2,385,302$20,427,530
18$37,947,982$13,996,710$2,504,567$21,446,704
19$39,845,380$14,698,748$2,629,795$22,516,837
20$41,837,650$15,435,888$2,761,285$23,640,477
21$43,929,532$16,209,884$2,899,349$24,820,299
22$46,126,009$17,022,580$3,044,317$26,059,112
23$48,432,309$17,875,912$3,196,532$27,359,865
24$50,853,924$18,771,909$3,356,359$28,725,656
25$53,396,620$19,712,707$3,524,177$30,159,737
26$56,066,452$20,700,545$3,700,386$31,665,522
27$58,869,775$21,737,774$3,885,405$33,246,596
28$61,813,263$22,826,864$4,079,675$34,906,723
29$64,903,926$23,970,410$4,283,659$36,649,857
30$68,149,123$25,171,133$4,497,842$38,480,148
Total$1,100,000,002$405,678,718$72,599,998$621,721,286

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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.