USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $462,700,000 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 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$459,644$3,969,677
2$7,312,514$2,663,818$482,626$4,166,070
3$7,678,140$2,799,099$506,757$4,372,283
4$8,062,047$2,941,145$532,095$4,588,807
5$8,465,149$3,090,293$558,700$4,816,156
6$8,888,406$3,246,898$586,635$5,054,873
7$9,332,827$3,411,334$615,967$5,305,527
8$9,799,468$3,583,991$646,765$5,568,712
9$10,289,442$3,765,281$679,103$5,845,057
10$10,803,914$3,955,636$713,058$6,135,220
11$11,344,109$4,155,508$748,711$6,439,890
12$11,911,315$4,365,374$786,147$6,759,794
13$12,506,880$4,585,734$825,454$7,095,693
14$13,132,225$4,817,111$866,727$7,448,387
15$13,788,836$5,060,057$910,063$7,818,716
16$14,478,278$5,315,150$955,566$8,207,561
17$15,202,191$5,582,999$1,003,345$8,615,848
18$15,962,301$5,864,239$1,053,512$9,044,550
19$16,760,416$6,159,542$1,106,187$9,494,687
20$17,598,437$6,469,609$1,161,497$9,967,331
21$18,478,359$6,795,180$1,219,572$10,463,606
22$19,402,276$7,137,030$1,280,550$10,984,696
23$20,372,390$7,495,972$1,344,578$11,531,840
24$21,391,010$7,872,861$1,411,807$12,106,342
25$22,460,560$8,268,595$1,482,397$12,709,568
26$23,583,589$8,684,116$1,556,517$13,342,956
27$24,762,768$9,120,412$1,634,343$14,008,013
28$26,000,906$9,578,523$1,716,060$14,706,323
29$27,300,951$10,059,540$1,801,863$15,439,549
30$28,665,999$10,564,607$1,891,956$16,209,436
Total$462,700,001$169,944,632$30,538,202$262,217,168

◄ Back to Jackpot Analysis

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.