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Delaware Powerball Jackpot Annuity Payout Schedule for Sep 8, 2010

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The tax information provided here is based on 2024 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 $63,700,000 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, Sep 8, 2010
Jackpot:$63,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,135,777$378,425$74,961$682,391
2$1,181,208$395,235$77,960$708,014
3$1,228,457$412,717$81,078$734,662
4$1,277,595$430,898$84,321$762,376
5$1,328,699$449,806$87,694$791,198
6$1,381,847$469,471$91,202$821,174
7$1,437,121$489,922$94,850$852,348
8$1,494,605$511,192$98,644$884,770
9$1,554,390$533,312$102,590$918,488
10$1,616,565$556,317$106,693$953,555
11$1,681,228$580,242$110,961$990,025
12$1,748,477$605,124$115,399$1,027,953
13$1,818,416$631,002$120,015$1,067,399
14$1,891,153$657,914$124,816$1,108,422
15$1,966,799$685,903$129,809$1,151,087
16$2,045,471$715,012$135,001$1,195,458
17$2,127,290$745,285$140,401$1,241,604
18$2,212,381$776,769$146,017$1,289,595
19$2,300,876$809,512$151,858$1,339,507
20$2,392,911$843,565$157,932$1,391,414
21$2,488,628$878,980$164,249$1,445,398
22$2,588,173$915,812$170,819$1,501,542
23$2,691,700$954,117$177,652$1,559,931
24$2,799,368$993,954$184,758$1,620,656
25$2,911,343$1,035,385$192,149$1,683,810
26$3,027,796$1,078,472$199,835$1,749,489
27$3,148,908$1,123,284$207,828$1,817,797
28$3,274,865$1,169,888$216,141$1,888,836
29$3,405,859$1,218,356$224,787$1,962,717
30$3,542,094$1,268,762$233,778$2,039,553
Total$63,700,000$22,314,633$4,204,198$37,181,169

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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.