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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 14, 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 $62,900,000 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, Nov 14, 2022
Jackpot:$62,900,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$946,735$307,312$62,485$576,938
2$994,072$324,827$65,609$603,636
3$1,043,776$343,217$68,889$631,669
4$1,095,964$362,527$72,334$661,104
5$1,150,763$382,802$75,950$692,010
6$1,208,301$404,092$79,748$724,461
7$1,268,716$426,445$83,735$758,535
8$1,332,152$449,916$87,922$794,313
9$1,398,759$474,561$92,318$831,880
10$1,468,697$500,438$96,934$871,325
11$1,542,132$527,609$101,781$912,742
12$1,619,239$556,139$106,870$956,230
13$1,700,201$586,094$112,213$1,001,893
14$1,785,211$617,548$117,824$1,049,839
15$1,874,471$650,575$123,715$1,100,181
16$1,968,195$685,252$129,901$1,153,042
17$2,066,604$721,664$136,396$1,208,545
18$2,169,935$759,896$143,216$1,266,823
19$2,278,431$800,040$150,376$1,328,015
20$2,392,353$842,191$157,895$1,392,267
21$2,511,971$886,449$165,790$1,459,731
22$2,637,569$932,921$174,080$1,530,569
23$2,769,447$981,716$182,784$1,604,948
24$2,907,920$1,032,951$191,923$1,683,047
25$3,053,316$1,086,747$201,519$1,765,050
26$3,205,982$1,143,233$211,595$1,851,153
27$3,366,281$1,202,544$222,175$1,941,562
28$3,534,595$1,264,820$233,283$2,036,491
29$3,711,324$1,330,210$244,947$2,136,167
30$3,896,891$1,398,870$257,195$2,240,826
Total$62,900,000$21,983,606$4,151,402$36,764,992

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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.