USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Mar 26, 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 $19,100,000 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:Sat, Mar 26, 2005
Jackpot:$19,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$340,555$87,963$22,477$230,115
2$354,177$92,731$23,376$238,070
3$368,344$97,690$24,311$246,344
4$383,078$102,847$25,283$254,948
5$398,401$108,210$26,294$263,897
6$414,337$113,787$27,346$273,204
7$430,911$119,588$28,440$282,883
8$448,147$125,621$29,578$292,949
9$466,073$131,895$30,761$303,417
10$484,716$138,420$31,991$314,305
11$504,104$145,206$33,271$325,628
12$524,269$152,263$34,602$337,404
13$545,239$159,603$35,986$349,651
14$567,049$167,236$37,425$362,387
15$589,731$175,175$38,922$375,634
16$613,320$183,431$40,479$389,410
17$637,853$192,018$42,098$403,737
18$663,367$201,403$43,782$418,182
19$689,902$211,221$45,534$433,147
20$717,498$221,431$47,355$448,712
21$746,198$232,050$49,249$464,898
22$776,046$243,094$51,219$481,732
23$807,087$254,580$53,268$499,240
24$839,371$266,524$55,398$517,448
25$872,946$278,947$57,614$536,384
26$907,864$291,867$59,919$556,078
27$944,178$305,303$62,316$576,559
28$981,945$319,277$64,808$597,860
29$1,021,223$333,810$67,401$620,013
30$1,062,072$348,924$70,097$643,051
Total$19,100,000$5,802,115$1,260,600$12,037,287

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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.