USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Oct 17, 2001

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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 $25,400,000 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:Wed, Oct 17, 2001
Jackpot:$25,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$452,885$127,279$29,890$295,715
2$471,000$133,619$31,086$306,295
3$489,840$140,213$32,329$317,297
4$509,433$147,071$33,623$328,740
5$529,811$154,203$34,968$340,640
6$551,003$161,620$36,366$353,017
7$573,043$169,334$37,821$365,888
8$595,965$177,357$39,334$379,274
9$619,804$185,701$40,907$393,196
10$644,596$194,458$42,543$407,595
11$670,380$203,998$44,245$422,137
12$697,195$213,919$46,015$437,261
13$725,083$224,238$47,855$452,989
14$754,086$234,969$49,770$469,347
15$784,249$246,130$51,760$486,359
16$815,619$257,736$53,831$504,052
17$848,244$269,808$55,984$522,452
18$882,174$282,362$58,223$541,589
19$917,461$295,418$60,552$561,491
20$954,159$308,996$62,975$582,189
21$992,326$323,118$65,493$603,714
22$1,032,019$337,804$68,113$626,101
23$1,073,300$353,078$70,838$649,384
24$1,116,232$368,963$73,671$673,597
25$1,160,881$385,483$76,618$698,780
26$1,207,316$402,664$79,683$724,969
27$1,255,609$420,532$82,870$752,206
28$1,305,833$439,115$86,185$780,533
29$1,358,066$458,442$89,632$809,992
30$1,412,389$478,541$93,218$840,630
Total$25,400,000$8,096,169$1,676,398$15,627,429

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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.