USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 22, 2001

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The tax information provided here is based on 2024 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 $42,900,000 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 22, 2001
Jackpot:$42,900,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$764,911$241,205$50,484$473,222
2$795,508$252,526$52,504$490,479
3$827,328$264,299$54,604$508,425
4$860,421$276,544$56,788$527,090
5$894,838$289,278$59,059$546,501
6$930,631$302,521$61,422$566,688
7$967,857$316,295$63,879$587,683
8$1,006,571$330,619$66,434$609,518
9$1,046,834$345,516$69,091$632,227
10$1,088,707$361,009$71,855$655,843
11$1,132,256$377,122$74,729$680,404
12$1,177,546$393,880$77,718$705,948
13$1,224,648$411,307$80,827$732,513
14$1,273,633$429,432$84,060$760,142
15$1,324,579$448,282$87,422$788,875
16$1,377,562$467,886$90,919$818,757
17$1,432,664$488,274$94,556$849,835
18$1,489,971$509,477$98,338$882,156
19$1,549,570$531,529$102,272$915,770
20$1,611,553$554,462$106,362$950,728
21$1,676,015$578,313$110,617$987,085
22$1,743,055$603,118$115,042$1,024,895
23$1,812,778$628,915$119,643$1,064,219
24$1,885,289$655,745$124,429$1,105,115
25$1,960,700$683,647$129,406$1,147,647
26$2,039,128$712,665$134,582$1,191,881
27$2,120,693$742,844$139,966$1,237,883
28$2,205,521$774,231$145,564$1,285,726
29$2,293,742$806,872$151,387$1,335,483
30$2,385,492$840,820$157,442$1,387,230
Total$42,900,000$14,618,633$2,831,401$25,449,968

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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.