USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jul 22, 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 $65,400,000 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, Jul 22, 2000
Jackpot:$65,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,166,088$387,410$76,962$701,717
2$1,212,732$404,668$80,040$728,024
3$1,261,241$422,617$83,242$755,383
4$1,311,691$441,283$86,572$783,836
5$1,364,159$460,696$90,034$813,428
6$1,418,725$480,885$93,636$844,204
7$1,475,474$501,883$97,381$876,210
8$1,534,493$523,720$101,277$909,497
9$1,595,873$546,430$105,328$944,115
10$1,659,708$570,049$109,541$980,118
11$1,726,096$594,613$113,922$1,017,561
12$1,795,140$620,159$118,479$1,056,502
13$1,866,945$646,727$123,218$1,097,000
14$1,941,623$674,358$128,147$1,139,118
15$2,019,288$703,094$133,273$1,182,921
16$2,100,059$732,979$138,604$1,228,476
17$2,184,062$764,060$144,148$1,275,854
18$2,271,424$796,384$149,914$1,325,126
19$2,362,281$830,001$155,911$1,376,369
20$2,456,773$864,963$162,147$1,429,662
21$2,555,043$901,323$168,633$1,485,087
22$2,657,245$939,138$175,378$1,542,729
23$2,763,535$978,465$182,393$1,602,676
24$2,874,076$1,019,366$189,689$1,665,022
25$2,989,039$1,061,902$197,277$1,729,861
26$3,108,601$1,106,140$205,168$1,797,294
27$3,232,945$1,152,147$213,374$1,867,424
28$3,362,263$1,199,995$221,909$1,940,359
29$3,496,753$1,249,756$230,786$2,016,212
30$3,636,624$1,301,508$240,017$2,095,098
Total$65,400,000$22,876,719$4,316,400$38,206,883

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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.