USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Apr 17, 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 $26,100,000 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, Apr 17, 2002
Jackpot:$26,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$465,366$131,647$30,714$303,004
2$483,980$138,162$31,943$313,875
3$503,339$144,938$33,220$325,181
4$523,473$151,985$34,549$336,939
5$544,412$159,313$35,931$349,167
6$566,188$166,935$37,368$361,885
7$588,836$174,862$38,863$375,111
8$612,389$183,106$40,418$388,866
9$636,885$191,679$42,034$403,172
10$662,360$201,031$43,716$417,614
11$688,855$210,834$45,464$432,557
12$716,409$221,029$47,283$448,097
13$745,065$231,631$49,174$464,260
14$774,868$242,658$51,141$481,068
15$805,863$254,126$53,187$498,549
16$838,097$266,053$55,314$516,730
17$871,621$278,457$57,527$535,637
18$906,486$291,357$59,828$555,301
19$942,745$304,773$62,221$575,751
20$980,455$318,726$64,710$597,019
21$1,019,673$333,236$67,298$619,138
22$1,060,460$348,328$69,990$642,142
23$1,102,879$364,022$72,790$666,066
24$1,146,994$380,345$75,702$690,947
25$1,192,874$397,320$78,730$716,823
26$1,240,588$414,975$81,879$743,735
27$1,290,212$433,336$85,154$771,722
28$1,341,821$452,431$88,560$800,830
29$1,395,493$472,290$92,103$831,101
30$1,451,313$492,943$95,787$862,583
Total$26,100,000$8,352,528$1,722,598$16,024,870

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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.