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Delaware Powerball Jackpot Annuity Payout Schedule for Dec 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 $89,200,000 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 money, as well as deductions claimed.

State:

Delaware

Drawing Date:Mon, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$454,945$88,611$799,032
2$1,409,717$479,783$93,041$836,893
3$1,480,203$505,863$97,693$876,647
4$1,554,213$533,247$102,578$918,389
5$1,631,924$562,000$107,707$962,217
6$1,713,520$592,190$113,092$1,008,238
7$1,799,196$623,890$118,747$1,056,559
8$1,889,156$657,176$124,684$1,107,296
9$1,983,614$692,125$130,919$1,160,571
10$2,082,795$728,822$137,464$1,216,508
11$2,186,934$767,353$144,338$1,275,243
12$2,296,281$807,812$151,555$1,336,915
13$2,411,095$850,293$159,132$1,401,670
14$2,531,650$894,898$167,089$1,469,663
15$2,658,232$941,734$175,443$1,541,055
16$2,791,144$990,911$184,216$1,616,018
17$2,930,701$1,042,547$193,426$1,694,728
18$3,077,236$1,096,765$203,098$1,777,374
19$3,231,098$1,153,694$213,252$1,864,152
20$3,392,653$1,213,469$223,915$1,955,269
21$3,562,286$1,276,233$235,111$2,050,941
22$3,740,400$1,342,136$246,866$2,151,398
23$3,927,420$1,411,333$259,210$2,256,877
24$4,123,791$1,483,990$272,170$2,367,630
25$4,329,980$1,560,281$285,779$2,483,921
26$4,546,480$1,640,385$300,068$2,606,027
27$4,773,804$1,724,495$315,071$2,734,237
28$5,012,494$1,812,810$330,825$2,868,859
29$5,263,118$1,905,542$347,366$3,010,211
30$5,526,274$2,002,909$364,734$3,158,631
Total$89,200,000$31,749,631$5,887,200$51,563,169

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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.