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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,545,506$461,730$3,988,671
2$7,345,702$2,674,930$484,816$4,185,956
3$7,712,987$2,810,826$509,057$4,393,105
4$8,098,637$2,953,516$534,510$4,610,611
5$8,503,569$3,103,341$561,236$4,838,992
6$8,928,747$3,260,657$589,297$5,078,793
7$9,375,185$3,425,839$618,762$5,330,584
8$9,843,944$3,599,279$649,700$5,594,964
9$10,336,141$3,781,392$682,185$5,872,563
10$10,852,948$3,972,611$716,295$6,164,042
11$11,395,595$4,173,391$752,109$6,470,096
12$11,965,375$4,384,209$789,715$6,791,451
13$12,563,644$4,605,569$829,200$7,128,875
14$13,191,826$4,837,996$870,661$7,483,170
15$13,851,417$5,082,045$914,194$7,855,179
16$14,543,988$5,338,296$959,903$8,245,789
17$15,271,188$5,607,360$1,007,898$8,655,930
18$16,034,747$5,889,877$1,058,293$9,086,577
19$16,836,484$6,186,519$1,111,208$9,538,757
20$17,678,309$6,497,994$1,166,768$10,013,546
21$18,562,224$6,825,043$1,225,107$10,512,074
22$19,490,335$7,168,444$1,286,362$11,035,529
23$20,464,852$7,529,016$1,350,680$11,585,156
24$21,488,094$7,907,615$1,418,214$12,162,265
25$22,562,499$8,305,145$1,489,125$12,768,229
26$23,690,625$8,722,551$1,563,581$13,404,492
27$24,875,156$9,160,828$1,641,760$14,072,568
28$26,118,913$9,621,018$1,723,848$14,774,047
29$27,424,859$10,104,218$1,810,041$15,510,600
30$28,796,102$10,611,578$1,900,543$16,283,981
Total$464,800,001$170,686,609$30,676,798$263,436,592

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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.