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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 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 $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$376,195$74,961$684,621
2$1,181,208$393,004$77,960$710,244
3$1,228,457$410,486$81,078$736,892
4$1,277,595$428,667$84,321$764,606
5$1,328,699$447,576$87,694$793,429
6$1,381,847$467,241$91,202$823,404
7$1,437,121$487,692$94,850$854,579
8$1,494,605$508,961$98,644$887,000
9$1,554,390$531,081$102,590$920,719
10$1,616,565$554,086$106,693$955,786
11$1,681,228$578,012$110,961$992,255
12$1,748,477$602,894$115,399$1,030,184
13$1,818,416$628,771$120,015$1,069,629
14$1,891,153$655,684$124,816$1,110,653
15$1,966,799$683,673$129,809$1,153,317
16$2,045,471$712,781$135,001$1,197,688
17$2,127,290$743,054$140,401$1,243,834
18$2,212,381$774,538$146,017$1,291,826
19$2,300,876$807,282$151,858$1,341,737
20$2,392,911$841,335$157,932$1,393,645
21$2,488,628$876,750$164,249$1,447,629
22$2,588,173$913,581$170,819$1,503,772
23$2,691,700$951,886$177,652$1,562,162
24$2,799,368$991,723$184,758$1,622,886
25$2,911,343$1,033,154$192,149$1,686,040
26$3,027,796$1,076,242$199,835$1,751,720
27$3,148,908$1,121,053$207,828$1,820,027
28$3,274,865$1,167,657$216,141$1,891,066
29$3,405,859$1,216,125$224,787$1,964,947
30$3,542,094$1,266,532$233,778$2,041,784
Total$63,700,000$22,247,716$4,204,198$37,248,081

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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.