USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Mar 20, 2002

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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 $36,900,000 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:Wed, Mar 20, 2002
Jackpot:$36,900,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$657,931$199,392$43,423$415,116
2$684,248$209,129$45,160$429,959
3$711,618$219,256$46,967$445,395
4$740,083$229,788$48,845$461,449
5$769,686$240,741$50,799$478,146
6$800,473$252,132$52,831$495,510
7$832,492$263,979$54,944$513,568
8$865,792$276,300$57,142$532,349
9$900,424$289,114$59,428$551,882
10$936,440$302,440$61,805$572,195
11$973,898$316,300$64,277$593,321
12$1,012,854$330,713$66,848$615,292
13$1,053,368$345,703$69,522$638,142
14$1,095,503$361,293$72,303$661,906
15$1,139,323$377,507$75,195$686,621
16$1,184,896$394,369$78,203$712,324
17$1,232,292$411,905$81,331$739,055
18$1,281,583$430,143$84,585$766,856
19$1,332,847$449,111$87,968$795,768
20$1,386,161$468,837$91,487$825,837
21$1,441,607$489,352$95,146$857,109
22$1,499,271$510,688$98,952$889,632
23$1,559,242$532,877$102,910$923,455
24$1,621,612$555,954$107,026$958,632
25$1,686,476$579,954$111,307$995,215
26$1,753,935$604,913$115,760$1,033,262
27$1,824,093$630,872$120,390$1,072,831
28$1,897,057$657,868$125,206$1,113,983
29$1,972,939$685,945$130,214$1,156,780
30$2,051,856$715,144$135,423$1,201,290
Total$36,900,000$12,331,719$2,435,397$22,132,880

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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.