USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jun 17, 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 $73,100,000 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, Jun 17, 2009
Jackpot:$73,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,303,380$438,208$86,023$779,149
2$1,355,515$457,498$89,464$808,553
3$1,409,736$477,560$93,043$839,134
4$1,466,126$498,424$96,764$870,938
5$1,524,771$520,122$100,635$904,013
6$1,585,761$542,689$104,660$938,412
7$1,649,192$566,158$108,847$974,187
8$1,715,159$590,566$113,201$1,011,393
9$1,783,766$615,951$117,729$1,050,087
10$1,855,117$642,350$122,438$1,090,328
11$1,929,321$669,806$127,335$1,132,180
12$2,006,494$698,360$132,429$1,175,705
13$2,086,754$728,056$137,726$1,220,972
14$2,170,224$758,940$143,235$1,268,049
15$2,257,033$791,059$148,964$1,317,009
16$2,347,314$824,464$154,923$1,367,928
17$2,441,207$859,204$161,120$1,420,883
18$2,538,855$895,334$167,564$1,475,957
19$2,640,409$932,909$174,267$1,533,234
20$2,746,026$971,987$181,238$1,592,801
21$2,855,867$1,012,628$188,487$1,654,752
22$2,970,101$1,054,895$196,027$1,719,180
23$3,088,905$1,098,852$203,868$1,786,185
24$3,212,462$1,144,568$212,022$1,855,871
25$3,340,960$1,192,112$220,503$1,928,344
26$3,474,598$1,241,559$229,323$2,003,716
27$3,613,582$1,292,983$238,496$2,082,103
28$3,758,126$1,346,464$248,036$2,163,626
29$3,908,451$1,402,084$257,958$2,248,409
30$4,064,789$1,459,929$268,276$2,336,584
Total$73,100,000$25,725,719$4,824,601$42,549,682

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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.