USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 29, 2000

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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 $130,700,000 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:Wed, Nov 29, 2000
Jackpot:$130,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,330,394$818,203$153,806$1,358,385
2$2,423,610$852,693$159,958$1,410,959
3$2,520,554$888,562$166,357$1,465,635
4$2,621,376$925,866$173,011$1,522,499
5$2,726,231$964,663$179,931$1,581,637
6$2,835,281$1,005,011$187,129$1,643,141
7$2,948,692$1,046,973$194,614$1,707,105
8$3,066,639$1,090,614$202,398$1,773,627
9$3,189,305$1,136,000$210,494$1,842,811
10$3,316,877$1,183,202$218,914$1,914,762
11$3,449,552$1,232,292$227,670$1,989,590
12$3,587,534$1,283,345$236,777$2,067,412
13$3,731,036$1,336,440$246,248$2,148,347
14$3,880,277$1,391,660$256,098$2,232,519
15$4,035,488$1,449,088$266,342$2,320,058
16$4,196,908$1,508,813$276,996$2,411,099
17$4,364,784$1,570,927$288,076$2,505,781
18$4,539,376$1,635,526$299,599$2,604,251
19$4,720,951$1,702,709$311,583$2,706,659
20$4,909,789$1,772,579$324,046$2,813,164
21$5,106,180$1,845,244$337,008$2,923,928
22$5,310,427$1,920,815$350,488$3,039,124
23$5,522,844$1,999,410$364,508$3,158,927
24$5,743,758$2,081,148$379,088$3,283,522
25$5,973,509$2,166,155$394,252$3,413,102
26$6,212,449$2,254,563$410,022$3,547,864
27$6,460,947$2,346,508$426,422$3,688,017
28$6,719,385$2,442,130$443,479$3,833,776
29$6,988,160$2,541,576$461,219$3,985,365
30$7,267,686$2,645,001$479,667$4,143,018
Total$130,700,000$47,037,716$8,626,200$75,036,084

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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.