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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 4, 2021

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The tax information provided here is based on 2025 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 $699,800,000 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:Mon, Oct 4, 2021
Jackpot:$699,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,532,994$3,854,228$695,178$5,983,588
2$11,059,644$4,049,089$729,937$6,280,619
3$11,612,626$4,253,692$766,433$6,592,501
4$12,193,258$4,468,526$804,755$6,919,977
5$12,802,920$4,694,101$844,993$7,263,827
6$13,443,066$4,930,955$887,242$7,624,869
7$14,115,220$5,179,652$931,605$8,003,964
8$14,820,981$5,440,783$978,185$8,402,013
9$15,562,030$5,714,971$1,027,094$8,819,965
10$16,340,131$6,002,869$1,078,449$9,258,814
11$17,157,138$6,305,161$1,132,371$9,719,606
12$18,014,995$6,622,568$1,188,990$10,203,437
13$18,915,744$6,955,846$1,248,439$10,711,460
14$19,861,532$7,305,787$1,310,861$11,244,884
15$20,854,608$7,673,225$1,376,404$11,804,979
16$21,897,339$8,059,036$1,445,224$12,393,079
17$22,992,205$8,464,136$1,517,486$13,010,584
18$24,141,816$8,889,492$1,593,360$13,658,964
19$25,348,906$9,336,116$1,673,028$14,339,763
20$26,616,352$9,805,071$1,756,679$15,054,602
21$27,947,169$10,297,473$1,844,513$15,805,183
22$29,344,528$10,814,496$1,936,739$16,593,294
23$30,811,755$11,357,369$2,033,576$17,420,809
24$32,352,342$11,927,387$2,135,255$18,289,701
25$33,969,959$12,525,905$2,242,017$19,202,037
26$35,668,457$13,154,350$2,354,118$20,159,990
27$37,451,880$13,814,216$2,471,824$21,165,840
28$39,324,474$14,507,076$2,595,415$22,221,983
29$41,290,698$15,234,578$2,725,186$23,330,933
30$43,355,233$15,998,456$2,861,445$24,495,331
Total$699,800,001$257,636,610$46,186,801$395,976,596

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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.