USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 23, 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 $28,700,000 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:Sat, Sep 23, 2000
Jackpot:$28,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$511,724$147,873$33,774$330,077
2$532,193$155,037$35,125$342,031
3$553,481$162,487$36,530$354,463
4$575,620$170,236$37,991$367,393
5$598,645$178,295$39,511$380,839
6$622,590$186,676$41,091$394,823
7$647,494$195,530$42,735$409,229
8$673,394$205,113$44,444$423,837
9$700,329$215,079$46,222$439,029
10$728,343$225,444$48,071$454,828
11$757,476$236,223$49,993$471,259
12$787,775$247,434$51,993$488,348
13$819,286$259,093$54,073$506,120
14$852,058$271,219$56,236$524,603
15$886,140$283,829$58,485$543,826
16$921,586$296,944$60,825$563,817
17$958,449$310,583$63,258$584,608
18$996,787$324,768$65,788$606,231
19$1,036,659$339,521$68,419$628,718
20$1,078,125$354,863$71,156$652,105
21$1,121,250$370,820$74,002$676,428
22$1,166,100$387,414$76,963$701,723
23$1,212,744$404,673$80,041$728,030
24$1,261,254$422,621$83,243$755,390
25$1,311,704$441,288$86,572$783,844
26$1,364,172$460,701$90,035$813,436
27$1,418,739$480,891$93,637$844,211
28$1,475,488$501,888$97,382$876,218
29$1,534,508$523,725$101,278$909,505
30$1,595,888$546,436$105,329$944,124
Total$28,700,000$9,306,704$1,894,202$17,499,093

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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.