USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$55,427$515,458
2$873,390$281,342$57,644$534,404
3$908,325$294,268$59,949$554,108
4$944,658$307,711$62,347$574,599
5$982,444$321,692$64,841$595,911
6$1,021,742$336,232$67,435$618,075
7$1,062,612$351,354$70,132$641,125
8$1,105,116$367,081$72,938$665,098
9$1,149,321$383,437$75,855$690,029
10$1,195,294$400,447$78,889$715,958
11$1,243,106$418,137$82,045$742,924
12$1,292,830$436,535$85,327$770,968
13$1,344,543$455,669$88,740$800,135
14$1,398,325$475,568$92,289$830,467
15$1,454,258$496,263$95,981$862,014
16$1,512,428$517,786$99,820$894,822
17$1,572,925$540,170$103,813$928,942
18$1,635,842$563,449$107,966$964,427
19$1,701,276$587,660$112,284$1,001,332
20$1,769,327$612,839$116,776$1,039,713
21$1,840,100$639,025$121,447$1,079,629
22$1,913,704$666,258$126,304$1,121,141
23$1,990,252$694,581$131,357$1,164,315
24$2,069,862$724,037$136,611$1,209,215
25$2,152,657$754,671$142,075$1,255,911
26$2,238,763$786,530$147,758$1,304,475
27$2,328,314$819,664$153,669$1,354,981
28$2,421,446$854,123$159,815$1,407,508
29$2,518,304$889,960$166,208$1,462,136
30$2,619,036$927,231$172,856$1,518,949
Total$47,100,000$16,172,633$3,108,598$27,818,769

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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.