USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 15, 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 $31,500,000 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:Sat, Sep 15, 2001
Jackpot:$31,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$561,648$165,346$37,069$359,233
2$584,114$173,209$38,552$372,353
3$607,479$181,387$40,094$385,998
4$631,778$189,891$41,697$400,189
5$657,049$199,065$43,365$414,618
6$683,331$208,790$45,100$429,441
7$710,664$218,903$46,904$444,857
8$739,091$229,421$48,780$460,890
9$768,654$240,359$50,731$477,564
10$799,400$251,735$52,760$494,905
11$831,376$263,567$54,871$512,939
12$864,631$275,871$57,066$531,695
13$899,217$288,667$59,348$551,201
14$935,185$301,976$61,722$571,487
15$972,593$315,817$64,191$592,585
16$1,011,497$330,211$66,759$614,527
17$1,051,956$345,181$69,429$637,346
18$1,094,035$360,750$72,206$661,078
19$1,137,796$376,942$75,095$685,760
20$1,183,308$393,781$78,098$711,428
21$1,230,640$411,294$81,222$738,124
22$1,279,866$429,508$84,471$765,887
23$1,331,060$448,450$87,850$794,761
24$1,384,303$468,149$91,364$824,790
25$1,439,675$488,637$95,019$856,019
26$1,497,262$509,944$98,819$888,499
27$1,557,152$532,104$102,772$922,277
28$1,619,439$555,150$106,883$957,406
29$1,684,216$579,117$111,158$993,941
30$1,751,585$604,044$115,605$1,031,937
Total$31,500,000$10,337,266$2,079,000$19,083,735

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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.