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Delaware Mega Millions Jackpot Annuity Payout Schedule for Jul 4, 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 $400,000,000 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, Jul 4, 2023
Jackpot:$400,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,020,574$2,185,800$397,358$3,437,416
2$6,321,603$2,297,181$417,226$3,607,196
3$6,637,683$2,414,130$438,087$3,785,465
4$6,969,567$2,536,928$459,991$3,972,648
5$7,318,045$2,665,864$482,991$4,169,190
6$7,683,948$2,801,248$507,141$4,375,559
7$8,068,145$2,943,401$532,498$4,592,246
8$8,471,552$3,092,662$559,122$4,819,768
9$8,895,130$3,249,386$587,079$5,058,666
10$9,339,886$3,413,946$616,433$5,309,508
11$9,806,881$3,586,734$647,254$5,572,893
12$10,297,225$3,768,161$679,617$5,849,447
13$10,812,086$3,958,660$713,598$6,139,829
14$11,352,690$4,158,683$749,278$6,444,730
15$11,920,325$4,368,708$786,741$6,764,875
16$12,516,341$4,589,234$826,079$7,101,029
17$13,142,158$4,820,786$867,382$7,453,989
18$13,799,266$5,063,916$910,752$7,824,598
19$14,489,229$5,319,203$956,289$8,213,738
20$15,213,691$5,587,253$1,004,104$8,622,334
21$15,974,375$5,868,707$1,054,309$9,051,360
22$16,773,094$6,164,233$1,107,024$9,501,837
23$17,611,749$6,474,535$1,162,375$9,974,839
24$18,492,336$6,800,352$1,220,494$10,471,490
25$19,416,953$7,142,460$1,281,519$10,992,974
26$20,387,801$7,501,674$1,345,595$11,540,532
27$21,407,191$7,878,848$1,412,875$12,115,468
28$22,477,550$8,274,881$1,483,518$12,719,150
29$23,601,428$8,690,716$1,557,694$13,353,017
30$24,781,499$9,127,342$1,635,579$14,018,578
Total$400,000,001$146,745,632$26,400,002$226,854,369

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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.