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Delaware Powerball Jackpot Annuity Payout Schedule for Sep 15, 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 $95,100,000 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, Sep 15, 2010
Jackpot:$95,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,695,642$583,345$111,912$1,000,385
2$1,763,468$608,440$116,389$1,038,639
3$1,834,007$634,540$121,044$1,078,423
4$1,907,367$661,683$125,886$1,119,798
5$1,983,662$689,912$130,922$1,162,828
6$2,063,008$719,270$136,159$1,207,579
7$2,145,529$749,803$141,605$1,254,121
8$2,231,350$781,557$147,269$1,302,524
9$2,320,604$814,581$153,160$1,352,863
10$2,413,428$848,926$159,286$1,405,216
11$2,509,965$884,644$165,658$1,459,663
12$2,610,364$921,792$172,284$1,516,288
13$2,714,778$960,425$179,175$1,575,178
14$2,823,369$1,000,604$186,342$1,636,423
15$2,936,304$1,042,390$193,796$1,700,118
16$3,053,756$1,085,847$201,548$1,766,361
17$3,175,906$1,131,043$209,610$1,835,254
18$3,302,943$1,178,046$217,994$1,906,902
19$3,435,060$1,226,930$226,714$1,981,417
20$3,572,463$1,277,769$235,783$2,058,912
21$3,715,361$1,330,641$245,214$2,139,507
22$3,863,976$1,385,628$255,022$2,223,325
23$4,018,535$1,442,815$265,223$2,310,496
24$4,179,276$1,502,289$275,832$2,401,155
25$4,346,447$1,564,143$286,866$2,495,439
26$4,520,305$1,628,470$298,340$2,593,495
27$4,701,117$1,695,371$310,274$2,695,473
28$4,889,162$1,764,947$322,685$2,801,530
29$5,084,729$1,837,307$335,592$2,911,830
30$5,288,118$1,912,561$349,016$3,026,541
Total$95,100,000$33,865,719$6,276,600$54,957,683

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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.