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Delaware Powerball Jackpot Annuity Payout Schedule for May 18, 2005

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The tax information provided here is based on 2024 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 $130,500,000 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:Wed, May 18, 2005
Jackpot:$130,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,326,828$819,114$153,571$1,354,143
2$2,419,901$853,551$159,713$1,406,636
3$2,516,697$889,366$166,102$1,461,229
4$2,617,365$926,613$172,746$1,518,006
5$2,722,060$965,350$179,656$1,577,054
6$2,830,942$1,005,636$186,842$1,638,464
7$2,944,180$1,047,534$194,316$1,702,330
8$3,061,947$1,091,108$202,088$1,768,750
9$3,184,425$1,136,425$210,172$1,837,828
10$3,311,802$1,183,554$218,579$1,909,668
11$3,444,274$1,232,569$227,322$1,984,383
12$3,582,045$1,283,544$236,415$2,062,085
13$3,725,326$1,336,559$245,872$2,142,896
14$3,874,340$1,391,693$255,706$2,226,940
15$4,029,313$1,449,034$265,935$2,314,345
16$4,190,486$1,508,667$276,572$2,405,246
17$4,358,105$1,570,687$287,635$2,499,784
18$4,532,429$1,635,187$299,140$2,598,102
19$4,713,726$1,702,267$311,106$2,700,354
20$4,902,276$1,772,030$323,550$2,806,696
21$5,098,367$1,844,583$336,492$2,917,291
22$5,302,301$1,920,039$349,952$3,032,310
23$5,514,393$1,998,513$363,950$3,151,930
24$5,734,969$2,080,126$378,508$3,276,335
25$5,964,368$2,165,004$393,648$3,405,716
26$6,202,942$2,253,276$409,394$3,540,272
27$6,451,060$2,345,080$425,770$3,680,210
28$6,709,103$2,440,556$442,801$3,825,746
29$6,977,467$2,539,850$460,513$3,977,103
30$7,256,565$2,643,117$478,933$4,134,515
Total$130,500,000$47,030,632$8,612,999$74,856,367

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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.