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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 7, 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 $82,600,000 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, Nov 7, 2009
Jackpot:$82,600,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,472,766$500,881$97,203$874,683
2$1,531,677$522,678$101,091$907,908
3$1,592,944$545,346$105,134$942,463
4$1,656,662$568,922$109,340$978,400
5$1,722,928$593,441$113,713$1,015,774
6$1,791,845$618,940$118,262$1,054,643
7$1,863,519$645,459$122,992$1,095,068
8$1,938,060$673,039$127,912$1,137,108
9$2,015,582$701,723$133,028$1,180,831
10$2,096,206$731,553$138,350$1,226,303
11$2,180,054$762,577$143,884$1,273,593
12$2,267,256$794,842$149,639$1,322,775
13$2,357,946$828,397$155,624$1,373,924
14$2,452,264$863,295$161,849$1,427,120
15$2,550,355$899,588$168,323$1,482,443
16$2,652,369$937,334$175,056$1,539,979
17$2,758,463$976,589$182,059$1,599,816
18$2,868,802$1,017,414$189,341$1,662,047
19$2,983,554$1,059,872$196,915$1,726,767
20$3,102,896$1,104,029$204,791$1,794,076
21$3,227,012$1,149,952$212,983$1,864,078
22$3,356,093$1,197,711$221,502$1,936,879
23$3,490,336$1,247,382$230,362$2,012,592
24$3,629,950$1,299,039$239,577$2,091,334
25$3,775,148$1,352,762$249,160$2,173,226
26$3,926,154$1,408,634$259,126$2,258,393
27$4,083,200$1,466,741$269,491$2,346,967
28$4,246,528$1,527,173$280,271$2,439,084
29$4,416,389$1,590,021$291,482$2,534,886
30$4,593,044$1,655,384$303,141$2,634,520
Total$82,600,000$29,240,718$5,451,601$47,907,680

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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.