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Delaware Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 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 $162,000,000 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 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$160,930$1,417,032
2$2,560,249$905,480$168,976$1,485,793
3$2,688,262$952,845$177,425$1,557,992
4$2,822,675$1,002,577$186,297$1,633,801
5$2,963,808$1,054,797$195,611$1,713,400
6$3,111,999$1,109,627$205,392$1,796,980
7$3,267,599$1,167,199$215,662$1,884,738
8$3,430,979$1,227,650$226,445$1,976,884
9$3,602,528$1,291,123$237,767$2,073,638
10$3,782,654$1,357,770$249,655$2,175,229
11$3,971,787$1,427,749$262,138$2,281,900
12$4,170,376$1,501,227$275,245$2,393,904
13$4,378,895$1,578,379$289,007$2,511,509
14$4,597,840$1,659,388$303,457$2,634,994
15$4,827,732$1,744,448$318,630$2,764,653
16$5,069,118$1,833,761$334,562$2,900,795
17$5,322,574$1,927,540$351,290$3,043,744
18$5,588,703$2,026,008$368,854$3,193,841
19$5,868,138$2,129,399$387,297$3,351,442
20$6,161,545$2,237,959$406,662$3,516,924
21$6,469,622$2,351,948$426,995$3,690,679
22$6,793,103$2,471,636$448,345$3,873,122
23$7,132,758$2,597,308$470,762$4,064,688
24$7,489,396$2,729,264$494,300$4,265,832
25$7,863,866$2,867,818$519,015$4,477,033
26$8,257,059$3,013,300$544,966$4,698,794
27$8,669,912$3,166,055$572,214$4,931,643
28$9,103,408$3,326,449$600,825$5,176,134
29$9,558,578$3,494,862$630,866$5,432,850
30$10,036,507$3,671,695$662,409$5,702,402
Total$162,000,000$58,685,632$10,691,999$92,622,370

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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.