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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 2024 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 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$381,434$75,498$686,977
2$1,201,105$402,596$79,273$719,235
3$1,261,160$424,817$83,237$753,106
4$1,324,218$448,148$87,398$788,671
5$1,390,429$472,646$91,768$826,014
6$1,459,950$498,369$96,357$865,224
7$1,532,948$525,378$101,175$906,395
8$1,609,595$553,738$106,233$949,624
9$1,690,075$583,515$111,545$995,014
10$1,774,578$614,782$117,122$1,042,674
11$1,863,307$647,611$122,978$1,092,718
12$1,956,473$682,083$129,127$1,145,263
13$2,054,296$718,277$135,584$1,200,435
14$2,157,011$756,282$142,363$1,258,367
15$2,264,862$796,187$149,481$1,319,194
16$2,378,105$838,087$156,955$1,383,063
17$2,497,010$882,081$164,803$1,450,126
18$2,621,861$928,276$173,043$1,520,542
19$2,752,954$976,781$181,695$1,594,478
20$2,890,601$1,027,710$190,780$1,672,111
21$3,035,131$1,081,186$200,319$1,753,626
22$3,186,888$1,137,336$210,335$1,839,217
23$3,346,232$1,196,294$220,851$1,929,087
24$3,513,544$1,258,199$231,894$2,023,451
25$3,689,221$1,323,200$243,489$2,122,533
26$3,873,682$1,391,450$255,663$2,226,569
27$4,067,366$1,463,113$268,446$2,335,807
28$4,270,735$1,538,360$281,868$2,450,507
29$4,484,271$1,617,368$295,962$2,570,941
30$4,708,485$1,700,327$310,760$2,697,398
Total$76,000,000$26,865,631$5,016,002$44,118,367

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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.