USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Oct 9, 1999

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

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 $24,600,000 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:Sat, Oct 9, 1999
Jackpot:$24,600,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$438,620$122,286$28,949$287,385
2$456,165$128,427$30,107$297,631
3$474,412$134,813$31,311$308,287
4$493,388$141,455$32,564$319,370
5$513,124$148,363$33,866$330,895
6$533,649$155,546$35,221$342,882
7$554,995$163,017$36,630$355,348
8$577,195$170,787$38,095$368,312
9$600,282$178,868$39,619$381,796
10$624,294$187,272$41,203$395,818
11$649,265$196,185$42,852$410,228
12$675,236$205,795$44,566$424,876
13$702,245$215,788$46,348$440,109
14$730,335$226,181$48,202$455,952
15$759,549$236,990$50,130$472,428
16$789,931$248,232$52,135$489,564
17$821,528$259,923$54,221$507,384
18$854,389$272,081$56,390$525,918
19$888,565$284,726$58,645$545,193
20$924,107$297,877$60,991$565,239
21$961,071$311,554$63,431$586,087
22$999,514$325,778$65,968$607,769
23$1,039,495$340,570$68,607$630,318
24$1,081,075$355,955$71,351$653,769
25$1,124,318$371,955$74,205$678,158
26$1,169,290$388,595$77,173$703,522
27$1,216,062$405,900$80,260$729,902
28$1,264,704$423,898$83,470$757,336
29$1,315,293$442,615$86,809$785,868
30$1,367,904$462,082$90,282$815,541
Total$24,600,000$7,803,514$1,623,601$15,172,885

◄ 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.