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Delaware Powerball Jackpot Annuity Payout Schedule for Jan 14, 2009

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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 $147,300,000 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, Jan 14, 2009
Jackpot:$147,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,626,374$927,715$173,341$1,525,317
2$2,731,429$966,586$180,274$1,584,568
3$2,840,686$1,007,011$187,485$1,646,189
4$2,954,313$1,049,053$194,985$1,710,275
5$3,072,486$1,092,777$202,784$1,776,925
6$3,195,385$1,138,250$210,895$1,846,240
7$3,323,200$1,185,541$219,331$1,918,328
8$3,456,128$1,234,725$228,104$1,993,299
9$3,594,374$1,285,875$237,229$2,071,269
10$3,738,149$1,339,072$246,718$2,152,359
11$3,887,675$1,394,397$256,587$2,236,691
12$4,043,181$1,451,934$266,850$2,324,397
13$4,204,909$1,511,773$277,524$2,415,611
14$4,373,105$1,574,006$288,625$2,510,474
15$4,548,029$1,638,728$300,170$2,609,131
16$4,729,950$1,706,039$312,177$2,711,735
17$4,919,149$1,776,042$324,664$2,818,443
18$5,115,914$1,848,846$337,650$2,929,418
19$5,320,551$1,924,561$351,156$3,044,834
20$5,533,373$2,003,305$365,203$3,164,865
21$5,754,708$2,085,199$379,811$3,289,698
22$5,984,896$2,170,369$395,003$3,419,524
23$6,224,292$2,258,945$410,803$3,554,544
24$6,473,264$2,351,065$427,235$3,694,964
25$6,732,194$2,446,869$444,325$3,841,000
26$7,001,482$2,546,506$462,098$3,992,879
27$7,281,541$2,650,128$480,582$4,150,832
28$7,572,803$2,757,894$499,805$4,315,104
29$7,875,715$2,869,972$519,797$4,485,946
30$8,190,744$2,986,532$540,589$4,663,622
Total$147,300,000$53,179,715$9,721,800$84,398,481

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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.