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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$54,438$502,243
2$866,060$283,397$57,160$525,503
3$909,363$299,419$60,018$549,925
4$954,831$316,242$63,019$575,570
5$1,002,572$333,907$66,170$602,496
6$1,052,701$352,454$69,478$630,768
7$1,105,336$371,929$72,952$660,454
8$1,160,603$392,378$76,600$691,625
9$1,218,633$413,849$80,430$724,354
10$1,279,564$436,394$84,451$758,719
11$1,343,543$460,066$88,674$794,803
12$1,410,720$484,921$93,108$832,691
13$1,481,256$511,020$97,763$872,473
14$1,555,319$538,423$102,651$914,245
15$1,633,084$567,196$107,784$958,105
16$1,714,739$597,408$113,173$1,004,158
17$1,800,476$629,131$118,831$1,052,513
18$1,890,499$662,440$124,773$1,103,287
19$1,985,024$697,414$131,012$1,156,599
20$2,084,276$734,137$137,562$1,212,576
21$2,188,489$772,696$144,440$1,271,353
22$2,297,914$813,183$151,662$1,333,068
23$2,412,810$855,695$159,245$1,397,870
24$2,533,450$900,332$167,208$1,465,911
25$2,660,123$947,200$175,568$1,537,354
26$2,793,129$996,413$184,346$1,612,370
27$2,932,785$1,048,086$193,564$1,691,136
28$3,079,424$1,102,342$203,242$1,773,840
29$3,233,396$1,159,311$213,404$1,860,680
30$3,395,065$1,219,129$224,074$1,951,862
Total$54,800,000$19,164,650$3,616,800$32,018,551

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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.