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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 17, 2004

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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 $72,100,000 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, Nov 17, 2004
Jackpot:$72,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,285,550$431,611$84,846$769,093
2$1,336,972$450,637$88,240$798,095
3$1,390,451$470,424$91,770$828,257
4$1,446,069$491,003$95,441$859,626
5$1,503,912$512,405$99,258$892,249
6$1,564,068$534,663$103,229$926,177
7$1,626,631$557,811$107,358$961,463
8$1,691,696$581,885$111,652$998,159
9$1,759,364$606,922$116,118$1,036,324
10$1,829,739$632,961$120,763$1,076,015
11$1,902,928$660,041$125,593$1,117,294
12$1,979,045$688,204$130,617$1,160,224
13$2,058,207$717,494$135,842$1,204,872
14$2,140,535$747,955$141,275$1,251,305
15$2,226,157$779,635$146,926$1,299,595
16$2,315,203$812,582$152,803$1,349,817
17$2,407,811$846,847$158,916$1,402,048
18$2,504,124$882,483$165,272$1,456,369
19$2,604,289$919,544$171,883$1,512,862
20$2,708,460$958,088$178,758$1,571,614
21$2,816,799$998,173$185,909$1,632,717
22$2,929,471$1,039,861$193,345$1,696,264
23$3,046,649$1,083,218$201,079$1,762,353
24$3,168,515$1,128,308$209,122$1,831,085
25$3,295,256$1,175,202$217,487$1,902,567
26$3,427,066$1,223,972$226,186$1,976,908
27$3,564,149$1,274,692$235,234$2,054,223
28$3,706,715$1,327,442$244,643$2,134,630
29$3,854,983$1,382,301$254,429$2,218,253
30$4,009,183$1,439,355$264,606$2,305,222
Total$72,100,000$25,355,719$4,758,600$41,985,680

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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.