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Delaware Powerball Jackpot Annuity Payout Schedule for Jan 30, 2023

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The tax information provided here is based on 2022 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 Powerball 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 $613,000,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Mon, Jan 30, 2023
Jackpot:$613,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,226,530$3,376,771$608,951$5,240,808
2$9,687,856$3,547,462$639,399$5,500,996
3$10,172,249$3,726,687$671,368$5,774,193
4$10,680,862$3,914,874$704,937$6,061,051
5$11,214,904$4,112,470$740,184$6,362,251
6$11,775,650$4,319,945$777,193$6,678,511
7$12,364,433$4,537,795$816,053$7,010,585
8$12,982,654$4,766,537$856,855$7,359,262
9$13,631,787$5,006,716$899,698$7,725,373
10$14,313,376$5,258,904$944,683$8,109,789
11$15,029,045$5,523,702$991,917$8,513,426
12$15,780,497$5,801,739$1,041,513$8,937,245
13$16,569,522$6,093,678$1,093,588$9,382,255
14$17,397,998$6,400,214$1,148,268$9,849,516
15$18,267,898$6,722,077$1,205,681$10,340,139
16$19,181,293$7,060,033$1,265,965$10,855,294
17$20,140,357$7,414,887$1,329,264$11,396,206
18$21,147,375$7,787,484$1,395,727$11,964,165
19$22,204,744$8,178,710$1,465,513$12,560,520
20$23,314,981$8,589,498$1,538,789$13,186,694
21$24,480,730$9,020,825$1,615,728$13,844,177
22$25,704,767$9,473,719$1,696,515$14,534,533
23$26,990,005$9,949,257$1,781,340$15,259,408
24$28,339,505$10,448,572$1,870,407$16,020,526
25$29,756,480$10,972,853$1,963,928$16,819,700
26$31,244,305$11,523,348$2,062,124$17,658,833
27$32,806,520$12,101,367$2,165,230$18,539,922
28$34,446,845$12,708,288$2,273,492$19,465,066
29$36,169,188$13,345,554$2,387,166$20,436,467
30$37,977,648$14,014,685$2,506,525$21,456,438
Total$613,000,001$225,698,651$40,458,001$346,843,349

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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.