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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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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 $209,200,000 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, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$246,184$2,146,732
2$3,879,259$1,392,346$256,031$2,230,882
3$4,034,429$1,449,759$266,272$2,318,398
4$4,195,807$1,509,469$276,923$2,409,415
5$4,363,639$1,571,567$288,000$2,504,072
6$4,538,184$1,636,148$299,520$2,602,516
7$4,719,712$1,703,314$311,501$2,704,897
8$4,908,500$1,773,165$323,961$2,811,374
9$5,104,840$1,845,811$336,919$2,922,110
10$5,309,034$1,921,363$350,396$3,037,275
11$5,521,395$1,999,936$364,412$3,157,047
12$5,742,251$2,081,653$378,989$3,281,609
13$5,971,941$2,166,638$394,148$3,411,154
14$6,210,819$2,255,023$409,914$3,545,881
15$6,459,251$2,346,943$426,311$3,685,998
16$6,717,621$2,442,540$443,363$3,831,718
17$6,986,326$2,541,961$461,098$3,983,268
18$7,265,779$2,645,359$479,541$4,140,879
19$7,556,411$2,752,892$498,723$4,304,795
20$7,858,667$2,864,727$518,672$4,475,268
21$8,173,014$2,981,035$539,419$4,652,559
22$8,499,934$3,101,996$560,996$4,836,943
23$8,839,932$3,227,795$583,435$5,028,701
24$9,193,529$3,358,626$606,773$5,228,130
25$9,561,270$3,494,690$631,044$5,435,536
26$9,943,721$3,636,197$656,286$5,651,238
27$10,341,470$3,783,364$682,537$5,875,569
28$10,755,128$3,936,418$709,838$6,108,872
29$11,185,334$4,095,594$738,232$6,351,508
30$11,632,747$4,261,137$767,761$6,603,849
Total$209,200,000$76,114,607$13,807,199$119,278,193

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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.