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Delaware Powerball Jackpot Annuity Payout Schedule for Mar 27, 2023

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The tax information provided here is based on 2025 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 $122,200,000 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, Mar 27, 2023
Jackpot:$122,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,839,285$637,556$121,393$1,080,337
2$1,931,250$671,583$127,462$1,132,205
3$2,027,812$707,311$133,836$1,186,666
4$2,129,203$744,825$140,527$1,243,850
5$2,235,663$784,215$147,554$1,303,894
6$2,347,446$825,575$154,931$1,366,939
7$2,464,818$869,003$162,678$1,433,137
8$2,588,059$914,602$170,812$1,502,645
9$2,717,462$962,481$179,353$1,575,628
10$2,853,335$1,012,754$188,320$1,652,261
11$2,996,002$1,065,541$197,736$1,732,725
12$3,145,802$1,120,967$207,623$1,817,212
13$3,303,092$1,179,164$218,004$1,905,924
14$3,468,247$1,240,272$228,904$1,999,071
15$3,641,659$1,304,434$240,350$2,096,876
16$3,823,742$1,371,805$252,367$2,199,570
17$4,014,929$1,442,544$264,985$2,307,400
18$4,215,676$1,516,820$278,235$2,420,621
19$4,426,460$1,594,810$292,146$2,539,503
20$4,647,783$1,676,700$306,754$2,664,329
21$4,880,172$1,762,684$322,091$2,795,397
22$5,124,180$1,852,967$338,196$2,933,017
23$5,380,389$1,947,764$355,106$3,077,519
24$5,649,409$2,047,301$372,861$3,229,246
25$5,931,879$2,151,816$391,504$3,388,560
26$6,228,473$2,261,555$411,079$3,555,839
27$6,539,897$2,376,782$431,633$3,731,482
28$6,866,892$2,497,770$453,215$3,915,907
29$7,210,236$2,624,808$475,876$4,109,553
30$7,570,748$2,758,197$499,669$4,312,882
Total$122,200,000$43,924,606$8,065,200$70,210,195

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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.