USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 4, 2010

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The tax information provided here is based on 2025 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 $50,400,000 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, Sep 4, 2010
Jackpot:$50,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$898,637$289,516$59,310$549,811
2$934,582$302,816$61,682$570,084
3$971,966$316,648$64,150$591,168
4$1,010,844$331,033$66,716$613,096
5$1,051,278$345,993$69,384$635,901
6$1,093,329$361,552$72,160$659,617
7$1,137,062$377,733$75,046$684,283
8$1,182,545$394,562$78,048$709,935
9$1,229,847$412,064$81,170$736,613
10$1,279,041$430,265$84,417$764,359
11$1,330,202$449,195$87,793$793,214
12$1,383,410$468,882$91,305$823,223
13$1,438,747$489,357$94,957$854,433
14$1,496,297$510,650$98,756$886,891
15$1,556,149$532,795$102,706$920,648
16$1,618,394$555,826$106,814$955,754
17$1,683,130$579,778$111,087$992,265
18$1,750,455$604,689$115,530$1,030,237
19$1,820,474$630,596$120,151$1,069,727
20$1,893,293$657,539$124,957$1,110,797
21$1,969,024$685,559$129,956$1,153,509
22$2,047,785$714,701$135,154$1,197,931
23$2,129,697$745,008$140,560$1,244,129
24$2,214,885$776,528$146,182$1,292,175
25$2,303,480$809,308$152,030$1,342,142
26$2,395,619$843,399$158,111$1,394,109
27$2,491,444$878,855$164,435$1,448,154
28$2,591,102$915,728$171,013$1,504,361
29$2,694,746$954,076$177,853$1,562,816
30$2,802,536$993,958$184,967$1,623,610
Total$50,400,000$17,358,609$3,326,400$29,714,992

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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.