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Delaware Powerball Jackpot Annuity Payout Schedule for May 15, 2019

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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 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 $250,300,000 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:Wed, May 15, 2019
Jackpot:$250,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,767,374$1,349,886$248,647$2,168,842
2$3,955,743$1,419,582$261,079$2,275,082
3$4,153,530$1,492,763$274,133$2,386,634
4$4,361,207$1,569,604$287,840$2,503,763
5$4,579,267$1,650,286$302,232$2,626,749
6$4,808,230$1,735,002$317,343$2,755,885
7$5,048,642$1,823,955$333,210$2,891,477
8$5,301,074$1,917,355$349,871$3,033,848
9$5,566,128$2,015,424$367,364$3,183,339
10$5,844,434$2,118,398$385,733$3,340,303
11$6,136,656$2,226,520$405,019$3,505,117
12$6,443,488$2,340,048$425,270$3,678,170
13$6,765,663$2,459,252$446,534$3,859,877
14$7,103,946$2,584,417$468,860$4,050,668
15$7,459,143$2,715,840$492,303$4,251,000
16$7,832,101$2,853,834$516,919$4,461,347
17$8,223,705$2,998,728$542,765$4,682,213
18$8,634,891$3,150,867$569,903$4,914,121
19$9,066,635$3,310,612$598,398$5,157,625
20$9,519,967$3,478,345$628,318$5,413,304
21$9,995,965$3,654,464$659,734$5,681,767
22$10,495,764$3,839,390$692,720$5,963,653
23$11,020,552$4,033,561$727,356$6,259,634
24$11,571,579$4,237,442$763,724$6,570,413
25$12,150,158$4,451,516$801,910$6,896,732
26$12,757,666$4,676,294$842,006$7,239,367
27$13,395,550$4,912,311$884,106$7,599,133
28$14,065,327$5,160,128$928,312$7,976,887
29$14,768,593$5,420,337$974,727$8,373,529
30$15,507,023$5,693,556$1,023,464$8,790,004
Total$250,300,001$91,289,717$16,519,800$142,490,483

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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.