USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jan 15, 2022

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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 $47,800,000 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:Sat, Jan 15, 2022
Jackpot:$47,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$719,459$222,157$47,484$449,817
2$755,432$235,467$49,858$470,106
3$793,203$249,442$52,351$491,409
4$832,863$264,117$54,969$513,778
5$874,506$279,525$57,717$537,264
6$918,232$295,703$60,603$561,925
7$964,143$312,690$63,633$587,820
8$1,012,351$330,527$66,815$615,008
9$1,062,968$349,255$70,156$643,557
10$1,116,116$368,920$73,664$673,532
11$1,171,922$389,568$77,347$705,007
12$1,230,518$411,249$81,214$738,055
13$1,292,044$434,014$85,275$772,756
14$1,356,647$457,916$89,539$809,191
15$1,424,479$483,014$94,016$847,449
16$1,495,703$509,367$98,716$887,619
17$1,570,488$537,038$103,652$929,798
18$1,649,012$566,092$108,835$974,086
19$1,731,463$596,599$114,277$1,020,588
20$1,818,036$628,631$119,990$1,069,415
21$1,908,938$662,264$125,990$1,120,684
22$2,004,385$697,580$132,289$1,174,516
23$2,104,604$734,661$138,904$1,231,039
24$2,209,834$773,596$145,849$1,290,389
25$2,320,326$814,478$153,142$1,352,707
26$2,436,342$857,404$160,799$1,418,140
27$2,558,159$902,476$168,839$1,486,845
28$2,686,067$949,802$177,280$1,558,985
29$2,820,371$999,494$186,144$1,634,732
30$2,961,389$1,051,671$195,452$1,714,266
Total$47,800,000$16,364,717$3,154,799$28,280,483

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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.