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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 5, 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 $60,200,000 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:Wed, Oct 5, 2011
Jackpot:$60,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,073,372$355,335$70,843$647,194
2$1,116,307$371,221$73,676$671,409
3$1,160,959$387,743$76,623$696,593
4$1,207,397$404,925$79,688$722,784
5$1,255,693$422,794$82,876$750,023
6$1,305,921$441,379$86,191$778,352
7$1,358,158$460,706$89,638$807,813
8$1,412,484$480,807$93,224$838,453
9$1,468,984$501,712$96,953$870,319
10$1,527,743$523,453$100,831$903,459
11$1,588,853$546,063$104,864$937,925
12$1,652,407$569,578$109,059$973,770
13$1,718,503$594,034$113,421$1,011,048
14$1,787,243$619,468$117,958$1,049,817
15$1,858,733$645,919$122,676$1,090,138
16$1,933,082$673,428$127,583$1,132,071
17$2,010,406$702,038$132,687$1,175,681
18$2,090,822$731,792$137,994$1,221,036
19$2,174,455$762,736$143,514$1,268,205
20$2,261,433$794,918$149,255$1,317,260
21$2,351,890$828,387$155,225$1,368,278
22$2,445,966$863,195$161,434$1,421,337
23$2,543,804$899,395$167,891$1,476,518
24$2,645,557$937,044$174,607$1,533,906
25$2,751,379$976,198$181,591$1,593,590
26$2,861,434$1,016,918$188,855$1,655,661
27$2,975,891$1,059,268$196,409$1,720,215
28$3,094,927$1,103,311$204,265$1,787,351
29$3,218,724$1,149,116$212,436$1,857,173
30$3,347,473$1,196,753$220,933$1,929,787
Total$60,200,000$21,019,634$3,973,200$35,207,166

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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.