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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 23, 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 $32,200,000 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 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$31,987$309,286
2$508,889$151,864$33,587$323,438
3$534,333$160,770$35,266$338,298
4$561,050$170,544$37,029$353,477
5$589,103$180,923$38,881$369,299
6$618,558$191,821$40,825$385,912
7$649,486$203,265$42,866$403,355
8$681,960$215,280$45,009$421,670
9$716,058$227,896$47,260$440,902
10$751,861$241,144$49,623$461,095
11$789,454$255,053$52,104$482,297
12$828,927$269,658$54,709$504,560
13$870,373$284,993$57,445$527,935
14$913,892$301,095$60,317$552,480
15$959,586$318,002$63,333$578,252
16$1,007,565$335,754$66,499$605,312
17$1,057,944$354,394$69,824$633,725
18$1,110,841$373,966$73,316$663,559
19$1,166,383$394,517$76,981$694,885
20$1,224,702$416,095$80,830$727,777
21$1,285,937$438,752$84,872$762,314
22$1,350,234$462,542$89,115$798,577
23$1,417,746$487,521$93,571$836,654
24$1,488,633$513,749$98,250$876,634
25$1,563,065$541,289$103,162$918,613
26$1,641,218$570,206$108,320$962,692
27$1,723,279$600,568$113,736$1,008,974
28$1,809,443$632,449$119,423$1,057,571
29$1,899,915$665,924$125,394$1,108,597
30$1,994,911$701,072$131,664$1,162,175
Total$32,200,000$10,804,489$2,125,198$19,270,315

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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.