USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for May 6, 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 $24,100,000 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, May 6, 2000
Jackpot:$24,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$429,705$119,166$28,361$282,179
2$446,894$125,182$29,495$292,217
3$464,769$131,439$30,675$302,656
4$483,360$137,945$31,902$313,513
5$502,695$144,712$33,178$324,804
6$522,802$151,750$34,505$336,547
7$543,714$159,069$35,885$348,760
8$565,463$166,681$37,321$361,461
9$588,081$174,598$38,813$374,670
10$611,605$182,831$40,366$388,408
11$636,069$191,393$41,981$402,695
12$661,512$200,717$43,660$417,135
13$687,972$210,507$45,406$432,059
14$715,491$220,689$47,222$447,580
15$744,111$231,278$49,111$463,721
16$773,875$242,291$51,076$480,508
17$804,830$253,744$53,119$497,967
18$837,023$265,656$55,244$516,124
19$870,504$278,044$57,453$535,007
20$905,324$290,927$59,751$554,646
21$941,537$304,326$62,141$575,070
22$979,199$318,261$64,627$596,311
23$1,018,367$332,753$67,212$618,402
24$1,059,102$347,825$69,901$641,376
25$1,101,466$363,500$72,697$665,269
26$1,145,524$379,801$75,605$690,118
27$1,191,345$396,755$78,629$715,961
28$1,238,999$414,387$81,774$742,838
29$1,288,559$432,724$85,045$770,790
30$1,340,101$451,795$88,447$799,860
Total$24,100,000$7,620,746$1,590,602$14,888,652

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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.