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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 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 $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$785,877$148,040$1,309,110
2$2,332,748$819,074$153,961$1,359,712
3$2,426,057$853,598$160,120$1,412,339
4$2,523,100$889,504$166,525$1,467,071
5$2,624,024$926,846$173,186$1,523,992
6$2,728,985$965,682$180,113$1,583,190
7$2,838,144$1,006,071$187,318$1,644,756
8$2,951,670$1,048,075$194,810$1,708,785
9$3,069,737$1,091,760$202,603$1,775,374
10$3,192,526$1,137,192$210,707$1,844,627
11$3,320,227$1,184,441$219,135$1,916,651
12$3,453,036$1,233,581$227,900$1,991,555
13$3,591,158$1,284,686$237,016$2,069,456
14$3,734,804$1,337,835$246,497$2,150,472
15$3,884,196$1,393,110$256,357$2,234,729
16$4,039,564$1,450,596$266,611$2,322,357
17$4,201,147$1,510,381$277,276$2,413,489
18$4,369,192$1,572,558$288,367$2,508,267
19$4,543,960$1,637,222$299,901$2,606,836
20$4,725,718$1,704,473$311,897$2,709,348
21$4,914,747$1,774,414$324,373$2,815,960
22$5,111,337$1,847,152$337,348$2,926,837
23$5,315,791$1,922,800$350,842$3,042,149
24$5,528,422$2,001,473$364,876$3,162,073
25$5,749,559$2,083,294$379,471$3,286,794
26$5,979,541$2,168,388$394,650$3,416,504
27$6,218,723$2,256,885$410,436$3,551,403
28$6,467,472$2,348,922$426,853$3,691,697
29$6,726,171$2,444,640$443,927$3,837,603
30$6,995,218$2,544,188$461,684$3,989,346
Total$125,800,000$45,224,718$8,302,800$72,272,482

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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.