USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 29, 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 $35,500,000 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 29, 2010
Jackpot:$35,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$632,969$190,308$41,776$400,884
2$658,287$199,524$43,447$415,317
3$684,619$209,266$45,185$430,168
4$712,004$219,399$46,992$445,613
5$740,484$229,936$48,872$461,676
6$770,103$240,895$50,827$478,381
7$800,907$252,293$52,860$495,754
8$832,943$264,146$54,974$513,823
9$866,261$276,474$57,173$532,614
10$900,912$289,295$59,460$552,157
11$936,948$302,628$61,839$572,481
12$974,426$316,495$64,312$593,619
13$1,013,403$330,916$66,885$615,602
14$1,053,939$345,915$69,560$638,464
15$1,096,097$361,513$72,342$662,241
16$1,139,941$377,735$75,236$686,969
17$1,185,538$394,606$78,246$712,686
18$1,232,960$412,152$81,375$739,432
19$1,282,278$430,400$84,630$767,248
20$1,333,569$449,378$88,016$796,176
21$1,386,912$469,115$91,536$826,261
22$1,442,388$489,641$95,198$857,550
23$1,500,084$510,988$99,006$890,090
24$1,560,087$533,190$102,966$923,932
25$1,622,491$556,279$107,084$959,128
26$1,687,390$580,292$111,368$995,731
27$1,754,886$605,265$115,822$1,033,799
28$1,825,082$631,237$120,455$1,073,389
29$1,898,085$658,249$125,274$1,114,563
30$1,974,008$686,340$130,285$1,157,383
Total$35,500,000$11,813,870$2,343,001$21,343,131

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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.