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Delaware Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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The tax information provided here is based on 2025 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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$357,622$3,099,023
2$5,689,443$2,062,114$375,503$3,251,825
3$5,973,915$2,167,369$394,278$3,412,268
4$6,272,610$2,277,886$413,992$3,580,732
5$6,586,241$2,393,929$434,692$3,757,619
6$6,915,553$2,515,775$456,426$3,943,352
7$7,261,331$2,643,713$479,248$4,138,370
8$7,624,397$2,778,047$503,210$4,343,140
9$8,005,617$2,919,099$528,371$4,558,148
10$8,405,898$3,067,202$554,789$4,783,906
11$8,826,193$3,222,712$582,529$5,020,952
12$9,267,502$3,385,996$611,655$5,269,851
13$9,730,877$3,557,445$642,238$5,531,195
14$10,217,421$3,737,466$674,350$5,805,605
15$10,728,292$3,926,488$708,067$6,093,737
16$11,264,707$4,124,962$743,471$6,396,275
17$11,827,942$4,333,359$780,644$6,713,939
18$12,419,339$4,552,176$819,676$7,047,487
19$13,040,306$4,781,934$860,660$7,397,712
20$13,692,322$5,023,179$903,693$7,765,449
21$14,376,938$5,276,487$948,878$8,151,573
22$15,095,785$5,542,461$996,322$8,557,002
23$15,850,574$5,821,733$1,046,138$8,982,703
24$16,643,102$6,114,968$1,098,445$9,429,690
25$17,475,258$6,422,866$1,153,367$9,899,025
26$18,349,021$6,746,158$1,211,035$10,391,827
27$19,266,472$7,085,615$1,271,587$10,909,270
28$20,229,795$7,442,044$1,335,166$11,452,584
29$21,241,285$7,816,296$1,401,925$12,023,064
30$22,303,349$8,209,259$1,472,021$12,622,069
Total$360,000,001$131,910,609$23,759,998$204,329,392

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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.