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Delaware Powerball Jackpot Annuity Payout Schedule for Feb 20, 2010

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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 $61,600,000 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, Feb 20, 2010
Jackpot:$61,600,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,098,334$362,341$72,490$663,503
2$1,142,267$378,596$75,390$688,282
3$1,187,958$395,502$78,405$714,051
4$1,235,476$413,084$81,541$740,851
5$1,284,896$431,369$84,803$768,724
6$1,336,291$450,385$88,195$797,711
7$1,389,743$470,162$91,723$827,858
8$1,445,333$490,730$95,392$859,210
9$1,503,146$512,121$99,208$891,817
10$1,563,272$534,368$103,176$925,728
11$1,625,803$557,504$107,303$960,996
12$1,690,835$581,566$111,595$997,674
13$1,758,468$606,591$116,059$1,035,819
14$1,828,807$632,616$120,701$1,075,490
15$1,901,959$659,682$125,529$1,116,748
16$1,978,038$687,831$130,550$1,159,656
17$2,057,159$717,106$135,773$1,204,281
18$2,139,446$747,552$141,203$1,250,690
19$2,225,023$779,216$146,852$1,298,956
20$2,314,024$812,146$152,726$1,349,152
21$2,406,585$846,394$158,835$1,401,357
22$2,502,849$882,011$165,188$1,455,649
23$2,602,963$919,053$171,796$1,512,114
24$2,707,081$957,577$178,667$1,570,837
25$2,815,364$997,642$185,814$1,631,908
26$2,927,979$1,039,309$193,247$1,695,423
27$3,045,098$1,082,644$200,976$1,761,478
28$3,166,902$1,127,711$209,016$1,830,176
29$3,293,578$1,174,581$217,376$1,901,621
30$3,425,321$1,223,326$226,071$1,975,924
Total$61,600,000$21,470,716$4,065,600$36,063,684

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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.