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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$70,490$644,177
2$1,110,744$369,163$73,309$668,272
3$1,155,174$385,602$76,241$693,330
4$1,201,381$402,699$79,291$719,391
5$1,249,436$420,479$82,463$746,494
6$1,299,413$438,971$85,761$774,681
7$1,351,390$458,202$89,192$803,996
8$1,405,445$478,203$92,759$834,483
9$1,461,663$499,003$96,470$866,190
10$1,520,130$520,636$100,329$899,165
11$1,580,935$543,134$104,342$933,460
12$1,644,172$566,531$108,515$969,125
13$1,709,939$590,865$112,856$1,006,218
14$1,778,337$616,172$117,370$1,044,794
15$1,849,470$642,492$122,065$1,084,913
16$1,923,449$669,864$126,948$1,126,637
17$2,000,387$698,331$132,026$1,170,030
18$2,080,402$727,937$137,307$1,215,159
19$2,163,619$758,727$142,799$1,262,093
20$2,250,163$790,748$148,511$1,310,904
21$2,340,170$824,051$154,451$1,361,668
22$2,433,777$858,685$160,629$1,414,462
23$2,531,128$894,705$167,054$1,469,368
24$2,632,373$932,166$173,737$1,526,470
25$2,737,668$971,125$180,686$1,585,857
26$2,847,174$1,011,642$187,914$1,647,619
27$2,961,061$1,053,780$195,430$1,711,851
28$3,079,504$1,097,604$203,247$1,778,652
29$3,202,684$1,143,181$211,377$1,848,126
30$3,330,791$1,190,581$219,832$1,920,379
Total$59,900,000$20,908,635$3,953,401$35,037,964

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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.