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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 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 $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$430,388$84,439$764,546
2$1,343,341$454,056$88,660$800,624
3$1,410,508$478,908$93,094$838,506
4$1,481,033$505,002$97,748$878,282
5$1,555,085$532,402$102,636$920,047
6$1,632,839$561,171$107,767$963,901
7$1,714,481$591,378$113,156$1,009,947
8$1,800,205$623,096$118,814$1,058,295
9$1,890,215$656,400$124,754$1,109,061
10$1,984,726$691,369$130,992$1,162,365
11$2,083,962$728,086$137,542$1,218,334
12$2,188,160$766,640$144,419$1,277,102
13$2,297,568$807,121$151,640$1,338,808
14$2,412,447$849,626$159,221$1,403,600
15$2,533,069$894,256$167,183$1,471,631
16$2,659,723$941,118$175,542$1,543,063
17$2,792,709$990,322$184,319$1,618,067
18$2,932,344$1,041,988$193,535$1,696,822
19$3,078,961$1,096,236$203,211$1,779,514
20$3,232,909$1,153,197$213,372$1,866,341
21$3,394,555$1,213,006$224,041$1,957,509
22$3,564,282$1,275,805$235,243$2,053,235
23$3,742,497$1,341,744$247,005$2,153,748
24$3,929,621$1,410,980$259,355$2,259,286
25$4,126,102$1,483,678$272,323$2,370,102
26$4,332,408$1,560,011$285,939$2,486,458
27$4,549,028$1,640,161$300,236$2,608,632
28$4,776,479$1,724,318$315,248$2,736,914
29$5,015,303$1,812,682$331,010$2,871,611
30$5,266,069$1,905,466$347,561$3,013,042
Total$85,000,000$30,160,611$5,610,005$49,229,393

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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.