USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Apr 13, 2002

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The tax information provided here is based on 2025 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 $21,500,000 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, Apr 13, 2002
Jackpot:$21,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$383,347$103,719$25,301$254,327
2$398,681$109,086$26,313$263,282
3$414,628$114,667$27,365$272,596
4$431,213$120,472$28,460$282,281
5$448,462$126,509$29,598$292,355
6$466,400$132,787$30,782$302,831
7$485,056$139,317$32,014$313,726
8$504,459$146,108$33,294$325,057
9$524,637$153,170$34,626$336,841
10$545,623$160,515$36,011$349,096
11$567,447$168,154$37,452$361,842
12$590,145$176,098$38,950$375,098
13$613,751$184,360$40,508$388,883
14$638,301$193,192$42,128$402,982
15$663,833$202,639$43,813$417,382
16$690,387$212,463$45,566$432,358
17$718,002$222,681$47,388$447,933
18$746,722$233,307$49,284$464,131
19$776,591$244,359$51,255$480,977
20$807,655$255,852$53,305$498,497
21$839,961$267,806$55,437$516,718
22$873,559$280,237$57,655$535,667
23$908,502$293,166$59,961$555,375
24$944,842$306,612$62,360$575,870
25$982,635$320,595$64,854$597,186
26$1,021,941$335,138$67,448$619,354
27$1,062,818$350,263$70,146$642,409
28$1,105,331$365,993$72,952$666,386
29$1,149,544$382,352$75,870$691,323
30$1,195,526$399,365$78,905$717,256
Total$21,500,000$6,700,982$1,419,001$13,380,019

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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.