USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Apr 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 $44,200,000 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 19, 2003
Jackpot:$44,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$788,090$247,551$52,014$488,526
2$819,614$259,214$54,095$506,305
3$852,399$271,345$56,258$524,796
4$886,494$283,960$58,509$544,026
5$921,954$297,080$60,849$564,025
6$958,832$310,725$63,283$584,824
7$997,186$324,916$65,814$606,456
8$1,037,073$339,674$68,447$628,952
9$1,078,556$355,023$71,185$652,348
10$1,121,698$370,986$74,032$676,681
11$1,166,566$387,587$76,993$701,986
12$1,213,229$404,852$80,073$728,304
13$1,261,758$422,808$83,276$755,674
14$1,312,228$441,482$86,607$784,140
15$1,364,718$460,903$90,071$813,743
16$1,419,306$481,101$93,674$844,531
17$1,476,079$502,106$97,421$876,551
18$1,535,122$523,952$101,318$909,851
19$1,596,527$546,672$105,371$944,484
20$1,660,388$570,301$109,586$980,501
21$1,726,803$594,874$113,969$1,017,960
22$1,795,875$620,431$118,528$1,056,916
23$1,867,710$647,010$123,269$1,097,431
24$1,942,419$674,652$128,200$1,139,567
25$2,020,115$703,400$133,328$1,183,388
26$2,100,920$733,298$138,661$1,228,962
27$2,184,957$764,391$144,207$1,276,358
28$2,272,355$796,729$149,975$1,325,651
29$2,363,249$830,359$155,974$1,376,915
30$2,457,779$865,336$162,213$1,430,230
Total$44,200,000$15,032,718$2,917,200$26,250,082

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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.