USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Mar 10, 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 $172,700,000 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, Mar 10, 2010
Jackpot:$172,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,079,258$1,095,283$203,231$1,780,744
2$3,202,428$1,140,856$211,360$1,850,212
3$3,330,526$1,188,252$219,815$1,922,459
4$3,463,747$1,237,543$228,607$1,997,596
5$3,602,296$1,288,807$237,752$2,075,738
6$3,746,388$1,342,121$247,262$2,157,006
7$3,896,244$1,397,567$257,152$2,241,524
8$4,052,094$1,455,232$267,438$2,329,424
9$4,214,177$1,515,203$278,136$2,420,839
10$4,382,744$1,577,573$289,261$2,515,911
11$4,558,054$1,642,437$300,832$2,614,785
12$4,740,376$1,709,897$312,865$2,717,615
13$4,929,991$1,780,054$325,379$2,824,558
14$5,127,191$1,853,018$338,395$2,935,779
15$5,332,279$1,928,900$351,930$3,051,448
16$5,545,570$2,007,818$366,008$3,171,744
17$5,767,393$2,089,893$380,648$3,296,852
18$5,998,088$2,175,250$395,874$3,426,965
19$6,238,012$2,264,022$411,709$3,562,281
20$6,487,532$2,356,344$428,177$3,703,011
21$6,747,034$2,452,360$445,304$3,849,370
22$7,016,915$2,552,216$463,116$4,001,583
23$7,297,592$2,656,066$481,641$4,159,884
24$7,589,495$2,764,071$500,907$4,324,518
25$7,893,075$2,876,395$520,943$4,495,737
26$8,208,798$2,993,213$541,781$4,673,805
27$8,537,150$3,114,703$563,452$4,858,995
28$8,878,636$3,241,053$585,990$5,051,594
29$9,233,782$3,372,456$609,430$5,251,896
30$9,603,133$3,509,116$633,807$5,460,210
Total$172,700,000$62,577,719$11,398,202$98,724,083

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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.