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Delaware Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$431,555$84,439$763,378
2$1,343,341$455,224$88,660$799,456
3$1,410,508$480,076$93,094$837,339
4$1,481,033$506,170$97,748$877,115
5$1,555,085$533,569$102,636$918,880
6$1,632,839$562,338$107,767$962,733
7$1,714,481$592,546$113,156$1,008,779
8$1,800,205$624,264$118,814$1,057,128
9$1,890,215$657,567$124,754$1,107,894
10$1,984,726$692,536$130,992$1,161,198
11$2,083,962$729,254$137,542$1,217,167
12$2,188,160$767,807$144,419$1,275,935
13$2,297,568$808,288$151,640$1,337,641
14$2,412,447$850,793$159,221$1,402,432
15$2,533,069$895,423$167,183$1,470,463
16$2,659,723$942,285$175,542$1,541,896
17$2,792,709$991,490$184,319$1,616,900
18$2,932,344$1,043,155$193,535$1,695,654
19$3,078,961$1,097,403$203,211$1,778,346
20$3,232,909$1,154,364$213,372$1,865,173
21$3,394,555$1,214,173$224,041$1,956,341
22$3,564,282$1,276,972$235,243$2,052,068
23$3,742,497$1,342,911$247,005$2,152,580
24$3,929,621$1,412,148$259,355$2,258,119
25$4,126,102$1,484,846$272,323$2,368,934
26$4,332,408$1,561,179$285,939$2,485,290
27$4,549,028$1,641,328$300,236$2,607,464
28$4,776,479$1,725,485$315,248$2,735,747
29$5,015,303$1,813,850$331,010$2,870,443
30$5,266,069$1,906,633$347,561$3,011,875
Total$85,000,000$30,195,632$5,610,005$49,194,368

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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.