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Delaware Powerball Jackpot Annuity Payout Schedule for Apr 23, 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 $409,300,000 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, Apr 23, 2022
Jackpot:$409,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,160,552$2,235,362$406,596$3,518,594
2$6,468,580$2,349,332$426,926$3,692,322
3$6,792,009$2,469,001$448,273$3,874,736
4$7,131,610$2,594,653$470,686$4,066,271
5$7,488,190$2,726,587$494,221$4,267,382
6$7,862,599$2,865,119$518,932$4,478,549
7$8,255,730$3,010,577$544,878$4,700,274
8$8,668,516$3,163,308$572,122$4,933,086
9$9,101,942$3,323,676$600,728$5,177,538
10$9,557,039$3,492,062$630,765$5,434,213
11$10,034,891$3,668,867$662,303$5,703,721
12$10,536,635$3,854,512$695,418$5,986,705
13$11,063,467$4,049,440$730,189$6,283,838
14$11,616,640$4,254,114$766,698$6,595,828
15$12,197,472$4,469,022$805,033$6,923,417
16$12,807,346$4,694,675$845,285$7,267,386
17$13,447,713$4,931,611$887,549$7,628,553
18$14,120,099$5,180,394$931,927$8,007,779
19$14,826,104$5,441,616$978,523$8,405,965
20$15,567,409$5,715,899$1,027,449$8,824,061
21$16,345,779$6,003,896$1,078,821$9,263,062
22$17,163,068$6,306,293$1,132,763$9,724,013
23$18,021,222$6,623,809$1,189,401$10,208,012
24$18,922,283$6,957,202$1,248,871$10,716,210
25$19,868,397$7,307,264$1,311,314$11,249,819
26$20,861,817$7,674,830$1,376,880$11,810,108
27$21,904,908$8,060,773$1,445,724$12,398,411
28$23,000,153$8,466,014$1,518,010$13,016,129
29$24,150,161$8,891,517$1,593,911$13,664,733
30$25,357,669$9,338,295$1,673,606$14,345,768
Total$409,300,001$150,119,720$27,013,802$232,166,483

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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.