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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $76,000,000 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:Wed, Nov 16, 2022
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$386,201$75,498$682,210
2$1,201,105$407,364$79,273$714,468
3$1,261,160$429,584$83,237$748,339
4$1,324,218$452,916$87,398$783,904
5$1,390,429$477,414$91,768$821,247
6$1,459,950$503,137$96,357$860,457
7$1,532,948$530,146$101,175$901,627
8$1,609,595$558,505$106,233$944,857
9$1,690,075$588,283$111,545$990,247
10$1,774,578$619,549$117,122$1,037,907
11$1,863,307$652,379$122,978$1,087,950
12$1,956,473$686,850$129,127$1,140,496
13$2,054,296$723,045$135,584$1,195,668
14$2,157,011$761,049$142,363$1,253,599
15$2,264,862$800,954$149,481$1,314,427
16$2,378,105$842,854$156,955$1,378,296
17$2,497,010$886,849$164,803$1,445,359
18$2,621,861$933,043$173,043$1,515,774
19$2,752,954$981,548$181,695$1,589,711
20$2,890,601$1,032,477$190,780$1,667,344
21$3,035,131$1,085,954$200,319$1,748,859
22$3,186,888$1,142,104$210,335$1,834,450
23$3,346,232$1,201,061$220,851$1,924,320
24$3,513,544$1,262,966$231,894$2,018,684
25$3,689,221$1,327,967$243,489$2,117,766
26$3,873,682$1,396,217$255,663$2,221,802
27$4,067,366$1,467,881$268,446$2,331,040
28$4,270,735$1,543,127$281,868$2,445,739
29$4,484,271$1,622,135$295,962$2,566,174
30$4,708,485$1,705,094$310,760$2,692,630
Total$76,000,000$27,008,653$5,016,002$43,975,351

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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.