USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $77,500,000 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, Dec 3, 2005
Jackpot:$77,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,381,833$467,235$91,201$823,396
2$1,437,106$487,686$94,849$854,571
3$1,494,590$508,956$98,643$886,992
4$1,554,374$531,076$102,589$920,710
5$1,616,549$554,080$106,692$955,776
6$1,681,211$578,005$110,960$992,246
7$1,748,459$602,887$115,398$1,030,174
8$1,818,398$628,764$120,014$1,069,619
9$1,891,133$655,677$124,815$1,110,642
10$1,966,779$683,665$129,807$1,153,306
11$2,045,450$712,774$135,000$1,197,677
12$2,127,268$743,046$140,400$1,243,822
13$2,212,359$774,530$146,016$1,291,813
14$2,300,853$807,273$151,856$1,341,724
15$2,392,887$841,325$157,931$1,393,631
16$2,488,603$876,740$164,248$1,447,615
17$2,588,147$913,572$170,818$1,503,757
18$2,691,673$951,876$177,650$1,562,146
19$2,799,339$991,713$184,756$1,622,870
20$2,911,313$1,033,143$192,147$1,686,023
21$3,027,766$1,076,231$199,833$1,751,703
22$3,148,876$1,121,041$207,826$1,820,009
23$3,274,831$1,167,645$216,139$1,891,048
24$3,405,824$1,216,112$224,784$1,964,928
25$3,542,057$1,266,519$233,776$2,041,763
26$3,683,740$1,318,941$243,127$2,121,672
27$3,831,089$1,373,460$252,852$2,204,777
28$3,984,333$1,430,160$262,966$2,291,207
29$4,143,706$1,489,129$273,485$2,381,093
30$4,309,455$1,550,455$284,424$2,474,575
Total$77,500,000$27,353,716$5,115,002$45,031,285

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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.