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Delaware Powerball Jackpot Annuity Payout Schedule for Mar 16, 2022

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The tax information provided here is based on 2026 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 $134,100,000 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, Mar 16, 2022
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,018,397$702,764$133,214$1,182,419
2$2,119,317$740,105$139,875$1,239,338
3$2,225,283$779,312$146,869$1,299,102
4$2,336,547$820,480$154,212$1,361,855
5$2,453,375$863,706$161,923$1,427,746
6$2,576,043$909,093$170,019$1,496,931
7$2,704,846$956,750$178,520$1,569,576
8$2,840,088$1,006,790$187,446$1,645,852
9$2,982,092$1,059,331$196,818$1,725,943
10$3,131,197$1,114,500$206,659$1,810,038
11$3,287,757$1,172,427$216,992$1,898,338
12$3,452,145$1,233,251$227,842$1,991,052
13$3,624,752$1,297,115$239,234$2,088,403
14$3,805,989$1,364,173$251,195$2,190,621
15$3,996,289$1,434,584$263,755$2,297,950
16$4,196,103$1,508,516$276,943$2,410,645
17$4,405,908$1,586,143$290,790$2,528,975
18$4,626,204$1,667,653$305,329$2,653,222
19$4,857,514$1,753,237$320,596$2,783,681
20$5,100,390$1,843,101$336,626$2,920,663
21$5,355,409$1,937,459$353,457$3,064,494
22$5,623,180$2,036,534$371,130$3,215,516
23$5,904,339$2,140,563$389,686$3,374,090
24$6,199,556$2,249,793$409,171$3,540,592
25$6,509,533$2,364,485$429,629$3,715,420
26$6,835,010$2,484,911$451,111$3,898,989
27$7,176,761$2,611,359$473,666$4,091,736
28$7,535,599$2,744,129$497,350$4,294,120
29$7,912,379$2,883,537$522,217$4,506,624
30$8,307,998$3,029,916$548,328$4,729,753
Total$134,100,000$48,295,717$8,850,602$76,953,684

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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.