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Delaware Powerball Jackpot Annuity Payout Schedule for Apr 17, 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 $212,700,000 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:Sat, Apr 17, 2010
Jackpot:$212,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,792,462$1,359,168$250,302$2,182,991
2$3,944,161$1,415,297$260,315$2,268,549
3$4,101,927$1,473,670$270,727$2,357,530
4$4,266,004$1,534,379$281,556$2,450,069
5$4,436,644$1,597,516$292,819$2,546,310
6$4,614,110$1,663,178$304,531$2,646,401
7$4,798,674$1,731,467$316,713$2,750,495
8$4,990,621$1,802,487$329,381$2,858,753
9$5,190,246$1,876,348$342,556$2,971,342
10$5,397,856$1,953,164$356,259$3,088,434
11$5,613,770$2,033,052$370,509$3,210,209
12$5,838,321$2,116,136$385,329$3,336,856
13$6,071,854$2,202,543$400,742$3,468,568
14$6,314,728$2,292,407$416,772$3,605,549
15$6,567,317$2,385,865$433,443$3,748,010
16$6,830,010$2,483,061$450,781$3,896,168
17$7,103,210$2,584,145$468,812$4,050,253
18$7,387,339$2,689,273$487,564$4,210,502
19$7,682,832$2,798,605$507,067$4,377,160
20$7,990,146$2,912,311$527,350$4,550,485
21$8,309,751$3,030,565$548,444$4,730,743
22$8,642,142$3,153,550$570,381$4,918,211
23$8,987,827$3,281,453$593,197$5,113,177
24$9,347,340$3,414,473$616,924$5,315,943
25$9,721,234$3,552,814$641,601$5,526,819
26$10,110,083$3,696,688$667,265$5,746,130
27$10,514,487$3,846,317$693,956$5,974,213
28$10,935,066$4,001,932$721,714$6,211,420
29$11,372,469$4,163,771$750,583$6,458,115
30$11,827,367$4,332,083$780,606$6,714,678
Total$212,700,000$77,377,718$14,038,199$121,284,083

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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.