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Delaware Powerball Jackpot Annuity Payout Schedule for Sep 20, 2023

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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 $677,100,000 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, Sep 20, 2023
Jackpot:$677,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,191,327$3,728,979$672,628$5,789,720
2$10,700,893$3,917,518$706,259$6,077,116
3$11,235,938$4,115,485$741,572$6,378,881
4$11,797,735$4,323,350$778,651$6,695,735
5$12,387,621$4,541,608$817,583$7,028,431
6$13,007,002$4,770,779$858,462$7,377,762
7$13,657,353$5,011,408$901,385$7,744,559
8$14,340,220$5,264,069$946,455$8,129,697
9$15,057,231$5,529,363$993,777$8,534,091
10$15,810,093$5,807,922$1,043,466$8,958,705
11$16,600,597$6,100,409$1,095,639$9,404,549
12$17,430,627$6,407,520$1,150,421$9,872,686
13$18,302,159$6,729,986$1,207,942$10,364,230
14$19,217,267$7,068,576$1,268,340$10,880,351
15$20,178,130$7,424,096$1,331,757$11,422,277
16$21,187,037$7,797,391$1,398,344$11,991,301
17$22,246,388$8,189,351$1,468,262$12,588,775
18$23,358,708$8,600,910$1,541,675$13,216,123
19$24,526,643$9,033,046$1,618,758$13,874,839
20$25,752,975$9,486,789$1,699,696$14,566,490
21$27,040,624$9,963,218$1,784,681$15,292,724
22$28,392,655$10,463,470$1,873,915$16,055,270
23$29,812,288$10,988,734$1,967,611$16,855,943
24$31,302,902$11,540,261$2,065,992$17,696,649
25$32,868,047$12,119,365$2,169,291$18,579,391
26$34,511,450$12,727,424$2,277,756$19,506,270
27$36,237,022$13,365,886$2,391,643$20,479,493
28$38,048,873$14,036,271$2,511,226$21,501,376
29$39,951,317$14,740,175$2,636,787$22,574,355
30$41,948,883$15,479,274$2,768,626$23,700,982
Total$677,100,001$249,272,633$44,688,600$383,138,771

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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.