USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Feb 11, 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 $13,300,000 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 11, 2004
Jackpot:$13,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$237,140$52,341$15,651$169,148
2$246,626$55,376$16,277$174,972
3$256,491$58,541$16,928$181,021
4$266,751$62,132$17,606$187,013
5$277,421$65,866$18,310$193,244
6$288,517$69,750$19,042$199,725
7$300,058$73,790$19,804$206,465
8$312,060$77,990$20,596$213,474
9$324,543$82,359$21,420$220,764
10$337,525$86,903$22,277$228,345
11$351,026$91,628$23,168$236,230
12$365,067$96,543$24,094$244,430
13$379,669$101,654$25,058$252,958
14$394,856$106,969$26,061$261,827
15$410,650$112,497$27,103$271,051
16$427,076$118,246$28,187$280,643
17$444,159$124,225$29,315$290,620
18$461,926$130,443$30,487$300,995
19$480,403$136,910$31,707$311,786
20$499,619$143,636$32,975$323,008
21$519,604$150,631$34,294$334,679
22$540,388$157,905$35,666$346,817
23$562,003$165,470$37,092$359,441
24$584,483$173,338$38,576$372,569
25$607,863$181,521$40,119$386,223
26$632,177$190,031$41,724$400,422
27$657,464$199,219$43,393$414,853
28$683,763$208,950$45,128$429,685
29$711,113$219,069$46,933$445,111
30$739,558$229,594$48,811$461,153
Total$13,300,000$3,723,527$877,802$8,698,672

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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.