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Delaware Mega Millions Jackpot Annuity Payout Schedule for Feb 23, 2024

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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 $525,000,000 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, Feb 23, 2024
Jackpot:$525,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,902,003$2,880,761$521,532$4,499,710
2$8,297,104$3,026,949$547,609$4,722,546
3$8,711,959$3,180,445$574,989$4,956,524
4$9,147,557$3,341,616$603,739$5,202,202
5$9,604,934$3,510,846$633,926$5,460,163
6$10,085,181$3,688,537$665,622$5,731,022
7$10,589,441$3,875,113$698,903$6,015,424
8$11,118,913$4,071,018$733,848$6,314,046
9$11,674,858$4,276,718$770,541$6,627,600
10$12,258,601$4,492,703$809,068$6,956,831
11$12,871,531$4,719,487$849,521$7,302,523
12$13,515,108$4,957,610$891,997$7,665,500
13$14,190,863$5,207,640$936,597$8,046,626
14$14,900,406$5,470,171$983,427$8,446,809
15$15,645,426$5,745,828$1,032,598$8,867,000
16$16,427,698$6,035,268$1,084,228$9,308,201
17$17,249,082$6,339,181$1,138,439$9,771,462
18$18,111,537$6,658,289$1,195,361$10,257,886
19$19,017,113$6,993,352$1,255,129$10,768,632
20$19,967,969$7,345,169$1,317,886$11,304,914
21$20,966,367$7,714,576$1,383,780$11,868,011
22$22,014,686$8,102,454$1,452,969$12,459,263
23$23,115,420$8,509,726$1,525,618$13,080,077
24$24,271,191$8,937,361$1,601,899$13,731,931
25$25,484,751$9,386,378$1,681,994$14,416,379
26$26,758,989$9,857,846$1,766,093$15,135,049
27$28,096,938$10,352,887$1,854,398$15,889,653
28$29,501,784$10,872,680$1,947,118$16,681,986
29$30,976,874$11,418,464$2,044,474$17,513,937
30$32,525,718$11,991,536$2,146,697$18,387,485
Total$525,000,001$192,960,609$34,650,000$297,389,392

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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.