USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jul 17, 2002

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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 $35,000,000 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, Jul 17, 2002
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$624,053$189,088$41,188$393,778
2$649,016$198,324$42,835$407,857
3$674,976$207,929$44,548$422,499
4$701,975$217,919$46,330$437,726
5$730,054$228,308$48,184$453,563
6$759,256$239,113$50,111$470,033
7$789,627$250,350$52,115$487,162
8$821,212$262,036$54,200$504,976
9$854,060$274,190$56,368$523,502
10$888,223$286,830$58,623$542,770
11$923,752$299,976$60,968$562,808
12$960,702$313,647$63,406$583,648
13$999,130$327,866$65,943$605,321
14$1,039,095$342,653$68,580$627,862
15$1,080,659$358,031$71,323$651,304
16$1,123,885$374,025$74,176$675,683
17$1,168,840$390,659$77,143$701,038
18$1,215,594$407,958$80,229$727,407
19$1,264,218$425,948$83,438$754,831
20$1,314,787$444,659$86,776$783,352
21$1,367,378$464,118$90,247$813,013
22$1,422,073$484,355$93,857$843,861
23$1,478,956$505,401$97,611$875,943
24$1,538,114$527,290$101,516$909,309
25$1,599,639$550,054$105,576$944,009
26$1,663,624$573,729$109,799$980,096
27$1,730,169$598,350$114,191$1,017,628
28$1,799,376$623,957$118,759$1,056,660
29$1,871,351$650,588$123,509$1,097,254
30$1,946,205$678,284$128,450$1,139,472
Total$35,000,000$11,695,635$2,309,999$20,994,365

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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.