USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Feb 19, 2003

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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 $33,500,000 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:Wed, Feb 19, 2003
Jackpot:$33,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$597,308$177,827$39,422$380,059
2$621,201$186,189$40,999$394,012
3$646,049$194,995$42,639$408,414
4$671,891$204,557$44,345$422,989
5$698,766$214,501$46,119$438,147
6$726,717$224,843$47,963$453,911
7$755,786$235,598$49,882$470,306
8$786,017$246,784$51,877$487,356
9$817,458$258,417$53,952$505,089
10$850,156$270,515$56,110$523,531
11$884,162$283,097$58,355$542,710
12$919,529$296,183$60,689$562,657
13$956,310$309,792$63,116$583,402
14$994,562$323,945$65,641$604,976
15$1,034,345$338,665$68,267$627,413
16$1,075,719$353,973$70,997$650,748
17$1,118,747$369,894$73,837$675,016
18$1,163,497$386,451$76,791$700,255
19$1,210,037$403,671$79,862$726,504
20$1,258,439$421,580$83,057$753,802
21$1,308,776$440,204$86,379$782,192
22$1,361,127$459,574$89,834$811,718
23$1,415,572$479,719$93,428$842,425
24$1,472,195$500,669$97,165$874,361
25$1,531,083$522,458$101,051$907,574
26$1,592,326$545,118$105,094$942,115
27$1,656,019$568,684$109,297$978,038
28$1,722,260$593,193$113,669$1,015,397
29$1,791,150$618,683$118,216$1,054,252
30$1,862,796$645,192$122,945$1,094,660
Total$33,500,000$11,074,971$2,210,998$20,214,029

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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.