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Delaware Mega Millions Jackpot Annuity Payout Schedule for Aug 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 $1,350,000,000 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, Aug 4, 2023
Jackpot:$1,350,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,319,437$7,476,380$1,341,083$11,501,975
2$21,335,409$7,852,289$1,408,137$12,074,983
3$22,402,179$8,246,994$1,478,544$12,676,641
4$23,522,289$8,661,435$1,552,471$13,308,383
5$24,698,403$9,096,597$1,630,095$13,971,711
6$25,933,323$9,553,517$1,711,599$14,668,207
7$27,229,990$10,033,284$1,797,179$15,399,527
8$28,591,489$10,537,039$1,887,038$16,167,412
9$30,021,064$11,065,981$1,981,390$16,973,692
10$31,522,117$11,621,371$2,080,460$17,820,286
11$33,098,223$12,204,530$2,184,483$18,709,210
12$34,753,134$12,816,847$2,293,707$19,642,580
13$36,490,790$13,459,780$2,408,392$20,622,618
14$38,315,330$14,134,860$2,528,812$21,651,658
15$40,231,096$14,843,693$2,655,252$22,732,151
16$42,242,652$15,587,969$2,788,015$23,866,668
17$44,354,783$16,369,458$2,927,416$25,057,910
18$46,572,523$17,190,021$3,073,787$26,308,715
19$48,901,149$18,051,613$3,227,476$27,622,060
20$51,346,206$18,956,284$3,388,850$29,001,073
21$53,913,516$19,906,189$3,558,292$30,449,035
22$56,609,192$20,903,589$3,736,207$31,969,397
23$59,439,652$21,950,859$3,923,017$33,565,776
24$62,411,634$23,050,492$4,119,168$35,241,974
25$65,532,216$24,205,108$4,325,126$37,001,982
26$68,808,828$25,417,454$4,541,383$38,849,991
27$72,249,269$26,690,417$4,768,452$40,790,400
28$75,861,731$28,027,028$5,006,874$42,827,829
29$79,654,818$29,430,470$5,257,218$44,967,130
30$83,637,560$30,904,085$5,520,079$47,213,396
Total$1,350,000,003$498,245,633$89,100,002$762,654,370

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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.