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Delaware Mega Millions Jackpot Annuity Payout Schedule for Mar 26, 2024

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The tax information provided here is based on 2026 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 $1,128,000,000 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:Tue, Mar 26, 2024
Jackpot:$1,128,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,978,019$6,237,824$1,120,549$9,619,645
2$17,826,920$6,551,918$1,176,577$10,098,426
3$18,718,265$6,881,715$1,235,406$10,601,144
4$19,654,180$7,228,004$1,297,176$11,129,000
5$20,636,887$7,591,606$1,362,035$11,683,247
6$21,668,732$7,973,388$1,430,136$12,265,208
7$22,752,169$8,374,260$1,501,643$12,876,266
8$23,889,778$8,795,175$1,576,725$13,517,877
9$25,084,267$9,237,136$1,655,562$14,191,569
10$26,338,480$9,701,195$1,738,340$14,898,945
11$27,655,404$10,188,457$1,825,257$15,641,691
12$29,038,174$10,700,082$1,916,519$16,421,573
13$30,490,083$11,237,288$2,012,345$17,240,449
14$32,014,587$11,801,354$2,112,963$18,100,270
15$33,615,316$12,393,624$2,218,611$19,003,081
16$35,296,082$13,015,508$2,329,541$19,951,033
17$37,060,886$13,668,485$2,446,018$20,946,382
18$38,913,930$14,354,111$2,568,319$21,991,499
19$40,859,626$15,074,019$2,696,735$23,088,872
20$42,902,608$15,829,922$2,831,572$24,241,114
21$45,047,738$16,623,620$2,973,151$25,450,967
22$47,300,125$17,457,004$3,121,808$26,721,313
23$49,665,132$18,332,056$3,277,899$28,055,177
24$52,148,388$19,250,861$3,441,794$29,455,733
25$54,755,807$20,215,606$3,613,883$30,926,318
26$57,493,598$21,228,589$3,794,577$32,470,432
27$60,368,278$22,292,220$3,984,306$34,091,752
28$63,386,691$23,409,033$4,183,522$35,794,136
29$66,556,026$24,581,687$4,392,698$37,581,641
30$69,883,828$25,812,974$4,612,333$39,458,522
Total$1,128,000,002$416,038,721$74,448,000$637,513,282

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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.