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Delaware Mega Millions Jackpot Annuity Payout Schedule for Aug 27, 2024

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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 $582,000,000 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, Aug 27, 2024
Jackpot:$582,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,759,935$3,199,364$578,156$4,982,416
2$9,197,932$3,361,423$607,064$5,229,446
3$9,657,828$3,531,584$637,417$5,488,828
4$10,140,720$3,710,254$669,288$5,761,178
5$10,647,756$3,897,857$702,752$6,047,147
6$11,180,144$4,094,841$737,889$6,347,413
7$11,739,151$4,301,674$774,784$6,662,694
8$12,326,109$4,518,848$813,523$6,993,738
9$12,942,414$4,746,881$854,199$7,341,334
10$13,589,535$4,986,316$896,909$7,706,310
11$14,269,012$5,237,722$941,755$8,089,535
12$14,982,462$5,501,699$988,842$8,491,921
13$15,731,585$5,778,874$1,038,285$8,914,426
14$16,518,165$6,069,909$1,090,199$9,358,057
15$17,344,073$6,375,495$1,144,709$9,823,869
16$18,211,276$6,696,360$1,201,944$10,312,972
17$19,121,840$7,033,269$1,262,041$10,826,530
18$20,077,932$7,387,023$1,325,144$11,365,766
19$21,081,828$7,758,464$1,391,401$11,931,964
20$22,135,920$8,148,478$1,460,971$12,526,471
21$23,242,716$8,557,993$1,534,019$13,150,704
22$24,404,852$8,987,983$1,610,720$13,806,149
23$25,625,095$9,439,473$1,691,256$14,494,366
24$26,906,349$9,913,537$1,775,819$15,216,993
25$28,251,666$10,411,304$1,864,610$15,975,752
26$29,664,250$10,933,960$1,957,841$16,772,449
27$31,147,463$11,482,749$2,055,733$17,608,981
28$32,704,835$12,058,977$2,158,519$18,487,339
29$34,340,077$12,664,016$2,266,445$19,409,616
30$36,057,081$13,299,308$2,379,767$20,378,006
Total$582,000,001$214,085,635$38,412,001$329,502,370

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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.