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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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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 $325,400,000 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:Sat, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$323,251$2,799,369
2$5,142,624$1,865,726$339,413$2,937,485
3$5,399,755$1,960,864$356,384$3,082,507
4$5,669,743$2,060,760$374,203$3,234,780
5$5,953,230$2,165,650$392,913$3,394,667
6$6,250,891$2,275,785$412,559$3,562,548
7$6,563,436$2,391,426$433,187$3,738,823
8$6,891,608$2,512,850$454,846$3,923,912
9$7,236,188$2,640,345$477,588$4,118,255
10$7,597,998$2,774,214$501,468$4,322,316
11$7,977,898$2,914,777$526,541$4,536,579
12$8,376,792$3,062,368$552,868$4,761,556
13$8,795,632$3,217,339$580,512$4,997,781
14$9,235,414$3,380,058$609,537$5,245,818
15$9,697,184$3,550,913$640,014$5,506,257
16$10,182,044$3,730,311$672,015$5,779,718
17$10,691,146$3,918,679$705,616$6,066,851
18$11,225,703$4,116,465$740,896$6,368,341
19$11,786,988$4,324,141$777,941$6,684,906
20$12,376,337$4,542,200$816,838$7,017,299
21$12,995,154$4,771,162$857,680$7,366,312
22$13,644,912$5,011,572$900,564$7,732,775
23$14,327,158$5,264,003$945,592$8,117,562
24$15,043,515$5,529,056$992,872$8,521,588
25$15,795,691$5,807,361$1,042,516$8,945,815
26$16,585,476$6,099,581$1,094,641$9,391,253
27$17,414,750$6,406,412$1,149,373$9,858,964
28$18,285,487$6,728,585$1,206,842$10,350,060
29$19,199,761$7,066,867$1,267,184$10,865,710
30$20,159,750$7,422,062$1,330,543$11,407,144
Total$325,400,001$119,286,650$21,476,397$184,636,951

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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.