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Delaware Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 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 $627,000,000 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, Aug 30, 2024
Jackpot:$627,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,437,250$3,449,970$622,858$5,364,421
2$9,909,112$3,624,559$654,001$5,630,552
3$10,404,568$3,807,878$686,701$5,909,988
4$10,924,797$4,000,362$721,037$6,203,398
5$11,471,036$4,202,471$757,088$6,511,476
6$12,044,588$4,414,685$794,943$6,834,960
7$12,646,818$4,637,510$834,690$7,174,617
8$13,279,158$4,871,476$876,424$7,531,258
9$13,943,116$5,117,141$920,246$7,905,730
10$14,640,272$5,375,088$966,258$8,298,926
11$15,372,286$5,645,933$1,014,571$8,711,781
12$16,140,900$5,930,321$1,065,299$9,145,280
13$16,947,945$6,228,927$1,118,564$9,600,453
14$17,795,342$6,542,464$1,174,493$10,078,385
15$18,685,109$6,871,678$1,233,217$10,580,214
16$19,619,365$7,217,353$1,294,878$11,107,134
17$20,600,333$7,580,311$1,359,622$11,660,400
18$21,630,349$7,961,417$1,427,603$12,241,329
19$22,711,867$8,361,578$1,498,983$12,851,305
20$23,847,460$8,781,748$1,573,932$13,491,780
21$25,039,833$9,222,926$1,652,629$14,164,278
22$26,291,825$9,686,163$1,735,260$14,870,401
23$27,606,416$10,172,562$1,822,023$15,611,831
24$28,986,737$10,683,280$1,913,125$16,390,332
25$30,436,074$11,219,535$2,008,781$17,207,758
26$31,957,878$11,782,603$2,109,220$18,066,055
27$33,555,772$12,373,823$2,214,681$18,967,267
28$35,233,560$12,994,605$2,325,415$19,913,540
29$36,995,238$13,646,426$2,441,686$20,907,126
30$38,845,000$14,330,838$2,563,770$21,950,392
Total$627,000,001$230,735,631$41,381,998$354,882,367

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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.