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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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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 $31,000,000 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 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$133,683$30,795$302,116
2$489,924$141,848$32,335$315,741
3$514,420$150,422$33,952$330,047
4$540,141$159,424$35,649$345,068
5$567,149$168,877$37,432$360,840
6$595,506$178,802$39,303$377,401
7$625,281$189,542$41,269$394,471
8$656,545$201,110$43,332$412,104
9$689,373$213,256$45,499$430,618
10$723,841$226,009$47,774$450,059
11$760,033$239,400$50,162$470,471
12$798,035$253,461$52,670$491,904
13$837,937$268,224$55,304$514,409
14$879,834$283,726$58,069$538,038
15$923,825$300,003$60,972$562,850
16$970,016$317,094$64,021$588,902
17$1,018,517$335,039$67,222$616,256
18$1,069,443$353,882$70,583$644,978
19$1,122,915$373,666$74,112$675,136
20$1,179,061$394,440$77,818$706,803
21$1,238,014$416,253$81,709$740,052
22$1,299,915$439,156$85,794$774,964
23$1,364,911$463,205$90,084$811,622
24$1,433,156$488,455$94,588$850,112
25$1,504,814$514,969$99,318$890,527
26$1,580,055$542,808$104,284$932,963
27$1,659,057$572,039$109,498$977,521
28$1,742,010$602,731$114,973$1,024,306
29$1,829,111$634,959$120,721$1,073,431
30$1,920,566$668,797$126,757$1,125,012
Total$31,000,000$10,225,280$2,045,999$18,728,722

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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.