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Delaware Powerball Jackpot Annuity Payout Schedule for Sep 14, 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 $81,100,000 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:Wed, Sep 14, 2005
Jackpot:$81,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,446,021$490,985$95,437$859,599
2$1,503,862$512,386$99,255$892,221
3$1,564,016$534,643$103,225$926,148
4$1,626,577$557,791$107,354$961,432
5$1,691,640$581,864$111,648$998,128
6$1,759,306$606,900$116,114$1,036,291
7$1,829,678$632,938$120,759$1,075,981
8$1,902,865$660,017$125,589$1,117,259
9$1,978,980$688,180$130,613$1,160,187
10$2,058,139$717,469$135,837$1,204,833
11$2,140,464$747,929$141,271$1,251,265
12$2,226,083$779,608$146,921$1,299,554
13$2,315,126$812,554$152,798$1,349,774
14$2,407,731$846,818$158,910$1,402,003
15$2,504,041$882,452$165,267$1,456,322
16$2,604,202$919,512$171,877$1,512,813
17$2,708,370$958,054$178,752$1,571,564
18$2,816,705$998,138$185,903$1,632,664
19$2,929,373$1,039,825$193,339$1,696,209
20$3,046,548$1,083,180$201,072$1,762,296
21$3,168,410$1,128,269$209,115$1,831,026
22$3,295,147$1,175,161$217,480$1,902,505
23$3,426,952$1,223,930$226,179$1,976,844
24$3,564,031$1,274,649$235,226$2,054,156
25$3,706,592$1,327,396$244,635$2,134,560
26$3,854,855$1,382,254$254,420$2,218,181
27$4,009,050$1,439,306$264,597$2,305,147
28$4,169,412$1,498,640$275,181$2,395,591
29$4,336,188$1,560,347$286,188$2,489,653
30$4,509,636$1,624,522$297,636$2,587,477
Total$81,100,000$28,685,717$5,352,598$47,061,683

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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.