USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 5, 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 $1,656,800,000 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 money, as well as deductions claimed.

State:

Delaware

Drawing Date:Sat, Nov 5, 2022
Jackpot:$1,656,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$24,937,218$9,184,958$1,645,856$14,106,403
2$26,184,079$9,646,297$1,728,149$14,809,633
3$27,493,282$10,130,702$1,814,557$15,548,023
4$28,867,947$10,639,328$1,905,285$16,323,335
5$30,311,343$11,173,385$2,000,549$17,137,410
6$31,826,911$11,734,145$2,100,576$17,992,190
7$33,418,257$12,322,943$2,205,605$18,889,709
8$35,089,170$12,941,181$2,315,885$19,832,104
9$36,843,628$13,590,330$2,431,679$20,821,619
10$38,685,809$14,271,937$2,553,263$21,860,609
11$40,620,100$14,987,625$2,680,927$22,951,549
12$42,651,105$15,739,097$2,814,973$24,097,036
13$44,783,660$16,528,142$2,955,722$25,299,797
14$47,022,844$17,356,640$3,103,508$26,562,696
15$49,373,985$18,226,562$3,258,683$27,888,740
16$51,842,685$19,139,981$3,421,617$29,281,087
17$54,434,818$20,099,071$3,592,698$30,743,050
18$57,156,560$21,106,115$3,772,333$32,278,112
19$60,014,387$22,163,511$3,960,950$33,889,927
20$63,015,107$23,273,777$4,158,997$35,582,333
21$66,165,862$24,439,557$4,366,947$37,359,358
22$69,474,155$25,663,625$4,585,294$39,225,236
23$72,947,864$26,948,897$4,814,559$41,184,407
24$76,595,256$28,298,432$5,055,287$43,241,536
25$80,425,018$29,715,445$5,308,051$45,401,523
26$84,446,271$31,203,308$5,573,454$47,669,509
27$88,668,584$32,765,564$5,852,127$50,050,894
28$93,102,012$34,405,932$6,144,733$52,551,347
29$97,757,113$36,128,320$6,451,969$55,176,824
30$102,644,970$37,936,827$6,774,568$57,933,575
Total$1,656,800,003$611,761,634$109,348,801$935,689,571

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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.