USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jul 12, 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 $44,500,000 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, Jul 12, 2000
Jackpot:$44,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$793,439$249,530$52,367$491,543
2$825,177$261,273$54,462$509,443
3$858,184$273,485$56,640$528,059
4$892,511$286,186$58,906$547,419
5$928,212$299,396$61,262$567,554
6$965,340$313,133$63,712$588,495
7$1,003,954$327,420$66,261$610,273
8$1,044,112$342,279$68,911$632,922
9$1,085,877$357,732$71,668$656,477
10$1,129,312$373,803$74,535$680,975
11$1,174,484$390,516$77,516$706,452
12$1,221,464$407,899$80,617$732,948
13$1,270,322$425,976$83,841$760,504
14$1,321,135$444,777$87,195$789,163
15$1,373,980$464,330$90,683$818,968
16$1,428,940$484,665$94,310$849,965
17$1,486,097$505,813$98,082$882,202
18$1,545,541$527,807$102,006$915,728
19$1,607,363$550,681$106,086$950,595
20$1,671,657$574,470$110,329$986,857
21$1,738,523$599,211$114,743$1,024,570
22$1,808,064$624,941$119,332$1,063,791
23$1,880,387$651,700$124,106$1,104,581
24$1,955,602$679,530$129,070$1,147,003
25$2,033,827$708,473$134,233$1,191,121
26$2,115,180$738,574$139,602$1,237,004
27$2,199,787$769,878$145,186$1,284,723
28$2,287,778$802,435$150,993$1,334,350
29$2,379,289$836,294$157,033$1,385,962
30$2,474,461$871,508$163,314$1,439,639
Total$44,500,000$15,143,715$2,937,001$26,419,286

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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.