USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 18, 1999

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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 $41,400,000 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, Sep 18, 1999
Jackpot:$41,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$738,166$229,079$48,719$460,368
2$767,693$240,004$50,668$477,021
3$798,400$251,365$52,694$494,341
4$830,336$263,182$54,802$512,353
5$863,550$275,471$56,994$531,085
6$898,092$288,251$59,274$550,567
7$934,016$301,543$61,645$570,828
8$971,376$315,366$64,111$591,899
9$1,010,231$329,743$66,675$613,813
10$1,050,641$344,694$69,342$636,604
11$1,092,666$360,244$72,116$660,306
12$1,136,373$376,415$75,001$684,957
13$1,181,828$393,234$78,001$710,594
14$1,229,101$410,725$81,121$737,256
15$1,278,265$428,915$84,365$764,984
16$1,329,395$447,834$87,740$793,822
17$1,382,571$467,509$91,250$823,813
18$1,437,874$487,971$94,900$855,004
19$1,495,389$509,251$98,696$887,442
20$1,555,205$531,383$102,644$921,178
21$1,617,413$554,400$106,749$956,264
22$1,682,109$578,338$111,019$992,752
23$1,749,394$603,233$115,460$1,030,701
24$1,819,369$629,124$120,078$1,070,167
25$1,892,144$656,051$124,882$1,111,212
26$1,967,830$684,054$129,877$1,153,899
27$2,046,543$713,178$135,072$1,198,293
28$2,128,405$743,467$140,475$1,244,463
29$2,213,541$774,967$146,094$1,292,480
30$2,302,083$807,728$151,937$1,342,417
Total$41,400,000$13,996,719$2,732,401$24,670,883

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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.