USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Dec 5, 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 $42,500,000 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:Sat, Dec 5, 2009
Jackpot:$42,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$757,779$236,336$50,013$471,430
2$788,090$247,551$52,014$488,526
3$819,614$259,214$54,095$506,305
4$852,399$271,345$56,258$524,796
5$886,494$283,960$58,509$544,026
6$921,954$297,080$60,849$564,025
7$958,832$310,725$63,283$584,824
8$997,186$324,916$65,814$606,456
9$1,037,073$339,674$68,447$628,952
10$1,078,556$355,023$71,185$652,348
11$1,121,698$370,986$74,032$676,681
12$1,166,566$387,587$76,993$701,986
13$1,213,229$404,852$80,073$728,304
14$1,261,758$422,808$83,276$755,674
15$1,312,228$441,482$86,607$784,140
16$1,364,718$460,903$90,071$813,743
17$1,419,306$481,101$93,674$844,531
18$1,476,079$502,106$97,421$876,551
19$1,535,122$523,952$101,318$909,851
20$1,596,527$546,672$105,371$944,484
21$1,660,388$570,301$109,586$980,501
22$1,726,803$594,874$113,969$1,017,960
23$1,795,875$620,431$118,528$1,056,916
24$1,867,710$647,010$123,269$1,097,431
25$1,942,419$674,652$128,200$1,139,567
26$2,020,115$703,400$133,328$1,183,388
27$2,100,920$733,298$138,661$1,228,962
28$2,184,957$764,391$144,207$1,276,358
29$2,272,355$796,729$149,975$1,325,651
30$2,363,249$830,359$155,974$1,376,915
Total$42,500,000$14,403,718$2,805,000$25,291,282

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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.