USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jul 6, 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 $35,300,000 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:Wed, Jul 6, 2022
Jackpot:$35,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$531,316$154,730$35,067$341,519
2$557,881$164,028$36,820$357,034
3$585,776$173,791$38,661$373,324
4$615,064$184,042$40,594$390,428
5$645,817$194,910$42,624$408,284
6$678,108$206,857$44,755$426,496
7$712,014$219,402$46,993$445,619
8$747,614$232,575$49,343$465,697
9$784,995$246,405$51,810$486,780
10$824,245$260,928$54,400$508,917
11$865,457$276,176$57,120$532,161
12$908,730$292,187$59,976$556,567
13$954,167$308,999$62,975$582,193
14$1,001,875$326,651$66,124$609,100
15$1,051,969$345,186$69,430$637,353
16$1,104,567$364,647$72,901$667,019
17$1,159,795$385,082$76,546$698,167
18$1,217,785$406,538$80,374$730,874
19$1,278,674$429,067$84,393$765,215
20$1,342,608$452,722$88,612$801,274
21$1,409,739$477,561$93,043$839,135
22$1,480,226$503,641$97,695$878,890
23$1,554,237$531,025$102,580$920,632
24$1,631,949$559,778$107,709$964,462
25$1,713,546$589,969$113,094$1,010,483
26$1,799,223$621,670$118,749$1,058,805
27$1,889,185$654,956$124,686$1,109,543
28$1,983,644$689,905$130,920$1,162,818
29$2,082,826$726,603$137,467$1,218,757
30$2,186,967$765,135$144,340$1,277,492
Total$35,300,000$11,745,166$2,329,801$21,225,038

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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.