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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 16, 2005

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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 $31,000,000 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, Nov 16, 2005
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$552,733$162,226$36,480$354,027
2$574,842$169,964$37,940$366,939
3$597,836$178,012$39,457$380,367
4$621,750$186,382$41,035$394,332
5$646,620$195,206$42,677$408,736
6$672,484$204,776$44,384$423,324
7$699,384$214,729$46,159$438,495
8$727,359$225,080$48,006$454,273
9$756,453$235,845$49,926$470,682
10$786,712$247,041$51,923$487,748
11$818,180$258,684$54,000$505,496
12$850,907$270,793$56,160$523,954
13$884,943$283,386$58,406$543,151
14$920,341$296,483$60,743$563,115
15$957,155$310,105$63,172$583,878
16$995,441$324,270$65,699$605,471
17$1,035,259$339,003$68,327$627,929
18$1,076,669$354,325$71,060$651,284
19$1,119,736$370,259$73,903$675,574
20$1,164,525$386,832$76,859$700,835
21$1,211,106$404,067$79,933$727,107
22$1,259,550$421,991$83,130$754,429
23$1,309,932$440,632$86,456$782,845
24$1,362,330$460,019$89,914$812,397
25$1,416,823$480,182$93,510$843,131
26$1,473,496$501,151$97,251$875,094
27$1,532,436$522,958$101,141$908,337
28$1,593,733$545,639$105,186$942,908
29$1,657,483$569,226$109,394$978,863
30$1,723,782$593,757$113,770$1,016,256
Total$31,000,000$10,153,023$2,046,001$18,800,977

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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.