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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 16, 2021

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The tax information provided here is based on 2021 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 $60,000,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Sat, Oct 16, 2021
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$903,086$298,214$59,604$545,268
2$948,240$314,921$62,584$570,735
3$995,652$332,464$65,713$597,476
4$1,045,435$350,883$68,999$625,553
5$1,097,707$370,224$72,449$655,034
6$1,152,592$390,531$76,071$685,990
7$1,210,222$411,854$79,875$718,493
8$1,270,733$434,243$83,868$752,621
9$1,334,270$457,752$88,062$788,456
10$1,400,983$482,436$92,465$826,082
11$1,471,032$508,354$97,088$865,590
12$1,544,584$535,568$101,943$907,073
13$1,621,813$564,143$107,040$950,630
14$1,702,904$594,147$112,392$996,365
15$1,788,049$625,650$118,011$1,044,387
16$1,877,451$658,729$123,912$1,094,810
17$1,971,324$693,462$130,107$1,147,754
18$2,069,890$729,932$136,613$1,203,346
19$2,173,384$768,224$143,443$1,261,717
20$2,282,054$808,432$150,616$1,323,006
21$2,396,156$850,650$158,146$1,387,360
22$2,515,964$894,979$166,054$1,454,932
23$2,641,762$941,524$174,356$1,525,882
24$2,773,850$990,397$183,074$1,600,379
25$2,912,543$1,041,713$192,228$1,678,602
26$3,058,170$1,095,595$201,839$1,760,736
27$3,211,079$1,152,171$211,931$1,846,976
28$3,371,633$1,211,576$222,528$1,937,528
29$3,540,214$1,273,951$233,654$2,032,609
30$3,717,225$1,339,445$245,337$2,132,443
Total$60,000,000$21,122,164$3,960,002$34,917,833

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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.