USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Dec 29, 2021

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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 $459,600,000 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, Dec 29, 2021
Jackpot:$459,600,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,917,640$2,515,484$456,564$3,945,591
2$7,263,522$2,643,460$479,392$4,140,669
3$7,626,698$2,777,835$503,362$4,345,500
4$8,008,033$2,918,929$528,530$4,560,573
5$8,408,434$3,067,078$554,957$4,786,399
6$8,828,856$3,222,634$582,704$5,023,517
7$9,270,299$3,385,968$611,840$5,272,491
8$9,733,814$3,557,468$642,432$5,533,914
9$10,220,504$3,737,544$674,553$5,808,407
10$10,731,529$3,926,623$708,281$6,096,625
11$11,268,106$4,125,156$743,695$6,399,255
12$11,831,511$4,333,616$780,880$6,717,015
13$12,423,087$4,552,499$819,924$7,050,664
14$13,044,241$4,782,327$860,920$7,400,995
15$13,696,453$5,023,645$903,966$7,768,842
16$14,381,276$5,277,029$949,164$8,155,082
17$15,100,340$5,543,083$996,622$8,560,634
18$15,855,357$5,822,439$1,046,454$8,986,464
19$16,648,124$6,115,763$1,098,776$9,433,585
20$17,480,531$6,423,754$1,153,715$9,903,062
21$18,354,557$6,747,143$1,211,401$10,396,013
22$19,272,285$7,086,703$1,271,971$10,913,611
23$20,235,899$7,443,240$1,335,569$11,457,090
24$21,247,694$7,817,604$1,402,348$12,027,742
25$22,310,079$8,210,686$1,472,465$12,626,927
26$23,425,583$8,623,423$1,546,088$13,256,072
27$24,596,862$9,056,796$1,623,393$13,916,673
28$25,826,705$9,511,838$1,704,563$14,610,304
29$27,118,040$9,989,632$1,789,791$15,338,617
30$28,473,943$10,491,316$1,879,280$16,103,346
Total$459,600,001$168,730,715$30,333,600$260,535,679

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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.