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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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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 $125,800,000 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, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$148,040$1,306,879
2$2,332,748$821,304$153,961$1,357,482
3$2,426,057$855,829$160,120$1,410,109
4$2,523,100$891,735$166,525$1,464,840
5$2,624,024$929,077$173,186$1,521,762
6$2,728,985$967,912$180,113$1,580,960
7$2,838,144$1,008,301$187,318$1,642,525
8$2,951,670$1,050,306$194,810$1,706,554
9$3,069,737$1,093,990$202,603$1,773,144
10$3,192,526$1,139,422$210,707$1,842,397
11$3,320,227$1,186,672$219,135$1,914,420
12$3,453,036$1,235,811$227,900$1,989,325
13$3,591,158$1,286,916$237,016$2,067,225
14$3,734,804$1,340,065$246,497$2,148,242
15$3,884,196$1,395,340$256,357$2,232,499
16$4,039,564$1,452,826$266,611$2,320,126
17$4,201,147$1,512,612$277,276$2,411,259
18$4,369,192$1,574,789$288,367$2,506,037
19$4,543,960$1,639,453$299,901$2,604,606
20$4,725,718$1,706,704$311,897$2,707,117
21$4,914,747$1,776,644$324,373$2,813,730
22$5,111,337$1,849,382$337,348$2,924,606
23$5,315,791$1,925,030$350,842$3,039,918
24$5,528,422$2,003,704$364,876$3,159,842
25$5,749,559$2,085,525$379,471$3,284,564
26$5,979,541$2,170,618$394,650$3,414,274
27$6,218,723$2,259,115$410,436$3,549,172
28$6,467,472$2,351,152$426,853$3,689,466
29$6,726,171$2,446,871$443,927$3,835,373
30$6,995,218$2,546,418$461,684$3,987,115
Total$125,800,000$45,291,631$8,302,800$72,205,568

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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.