USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Aug 22, 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 $190,600,000 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, Aug 22, 2001
Jackpot:$190,600,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,398,417$1,213,372$224,296$1,960,750
2$3,534,354$1,263,668$233,267$2,037,418
3$3,675,728$1,315,977$242,598$2,117,153
4$3,822,757$1,370,377$252,302$2,200,078
5$3,975,667$1,426,954$262,394$2,286,319
6$4,134,694$1,485,794$272,890$2,376,010
7$4,300,082$1,546,987$283,805$2,469,289
8$4,472,085$1,610,629$295,158$2,566,299
9$4,650,968$1,676,815$306,964$2,667,189
10$4,837,007$1,745,650$319,242$2,772,115
11$5,030,487$1,817,238$332,012$2,881,238
12$5,231,707$1,891,689$345,293$2,994,725
13$5,440,975$1,969,118$359,104$3,112,753
14$5,658,614$2,049,644$373,469$3,235,501
15$5,884,958$2,133,392$388,407$3,363,159
16$6,120,357$2,220,489$403,944$3,495,924
17$6,365,171$2,311,071$420,101$3,633,999
18$6,619,778$2,405,275$436,905$3,777,598
19$6,884,569$2,503,248$454,382$3,926,940
20$7,159,952$2,605,139$472,557$4,082,256
21$7,446,350$2,711,107$491,459$4,243,784
22$7,744,204$2,821,313$511,117$4,411,774
23$8,053,972$2,935,927$531,562$4,586,483
24$8,376,131$3,055,126$552,825$4,768,181
25$8,711,176$3,179,092$574,938$4,957,146
26$9,059,623$3,308,018$597,935$5,153,670
27$9,422,008$3,442,100$621,853$5,358,055
28$9,798,888$3,581,546$646,727$5,570,616
29$10,190,844$3,726,570$672,596$5,791,679
30$10,598,478$3,877,394$699,500$6,021,584
Total$190,600,000$69,200,719$12,579,602$108,819,685

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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.