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Delaware Powerball Jackpot Annuity Payout Schedule for Jan 3, 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 $91,000,000 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, Jan 3, 2009
Jackpot:$91,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,622,539$556,297$107,088$959,155
2$1,687,441$580,310$111,371$995,759
3$1,754,938$605,284$115,826$1,033,828
4$1,825,136$631,257$120,459$1,073,419
5$1,898,141$658,269$125,277$1,114,594
6$1,974,067$686,362$130,288$1,157,416
7$2,053,029$715,578$135,500$1,201,951
8$2,135,151$745,963$140,920$1,248,268
9$2,220,557$777,563$146,557$1,296,437
10$2,309,379$810,427$152,419$1,346,532
11$2,401,754$844,606$158,516$1,398,632
12$2,497,824$880,152$164,856$1,452,816
13$2,597,737$917,120$171,451$1,509,167
14$2,701,647$955,567$178,309$1,567,772
15$2,809,713$995,551$185,441$1,628,721
16$2,922,101$1,037,135$192,859$1,692,108
17$3,038,985$1,080,382$200,573$1,758,030
18$3,160,545$1,125,359$208,596$1,826,590
19$3,286,966$1,172,135$216,940$1,897,892
20$3,418,445$1,220,782$225,617$1,972,046
21$3,555,183$1,271,375$234,642$2,049,166
22$3,697,390$1,323,992$244,028$2,129,371
23$3,845,286$1,378,713$253,789$2,212,784
24$3,999,097$1,435,623$263,940$2,299,534
25$4,159,061$1,494,810$274,498$2,389,753
26$4,325,423$1,556,364$285,478$2,483,582
27$4,498,440$1,620,380$296,897$2,581,163
28$4,678,378$1,686,957$308,773$2,682,648
29$4,865,513$1,756,197$321,124$2,788,192
30$5,060,134$1,828,207$333,969$2,897,958
Total$91,000,000$32,348,717$6,006,001$52,645,284

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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.