USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 2, 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 $36,000,000 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 2, 2005
Jackpot:$36,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$641,884$193,454$42,364$406,065
2$667,559$202,954$44,059$420,546
3$694,261$212,834$45,821$435,606
4$722,032$223,109$47,654$451,269
5$750,913$233,795$49,560$467,558
6$780,950$244,909$51,543$484,498
7$812,187$256,467$53,604$502,116
8$844,675$268,487$55,749$520,439
9$878,462$280,988$57,978$539,495
10$913,600$293,989$60,298$559,313
11$950,144$307,511$62,710$579,924
12$988,150$321,573$65,218$601,359
13$1,027,676$336,197$67,827$623,652
14$1,068,783$351,407$70,540$646,837
15$1,111,535$367,225$73,361$670,948
16$1,155,996$383,676$76,296$696,025
17$1,202,236$400,785$79,348$722,104
18$1,250,325$418,578$82,521$749,226
19$1,300,338$437,082$85,822$777,434
20$1,352,352$456,327$89,255$806,769
21$1,406,446$476,342$92,825$837,278
22$1,462,704$497,158$96,538$869,008
23$1,521,212$518,806$100,400$902,006
24$1,582,060$541,320$104,416$936,325
25$1,645,343$564,734$108,593$972,016
26$1,711,157$589,085$112,936$1,009,135
27$1,779,603$614,410$117,454$1,047,739
28$1,850,787$640,748$122,152$1,087,887
29$1,924,818$668,140$127,038$1,129,640
30$2,001,811$696,627$132,120$1,173,064
Total$36,000,000$11,998,717$2,376,000$21,625,281

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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.