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Delaware Powerball Jackpot Annuity Payout Schedule for Nov 2, 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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,532,411$1,634,012$299,139$2,599,260
2$4,713,708$1,701,092$311,105$2,701,511
3$4,902,256$1,770,855$323,549$2,807,852
4$5,098,346$1,843,408$336,491$2,918,447
5$5,302,280$1,918,864$349,950$3,033,466
6$5,514,371$1,997,338$363,949$3,153,085
7$5,734,946$2,078,950$378,506$3,277,489
8$5,964,344$2,163,828$393,647$3,406,870
9$6,202,918$2,252,100$409,393$3,541,425
10$6,451,034$2,343,903$425,768$3,681,363
11$6,709,076$2,439,378$442,799$3,826,898
12$6,977,439$2,538,673$460,511$3,978,255
13$7,256,536$2,641,939$478,931$4,135,666
14$7,546,798$2,749,335$498,089$4,299,374
15$7,848,670$2,861,028$518,012$4,469,629
16$8,162,617$2,977,188$538,733$4,646,695
17$8,489,121$3,097,995$560,282$4,830,844
18$8,828,686$3,223,634$582,693$5,022,359
19$9,181,833$3,354,299$606,001$5,221,534
20$9,549,107$3,490,190$630,241$5,428,676
21$9,931,071$3,631,517$655,451$5,644,104
22$10,328,314$3,778,496$681,669$5,868,149
23$10,741,446$3,931,355$708,935$6,101,156
24$11,171,104$4,090,329$737,293$6,343,483
25$11,617,949$4,255,661$766,785$6,595,503
26$12,082,666$4,427,607$797,456$6,857,604
27$12,565,973$4,606,430$829,354$7,130,189
28$13,068,612$4,792,407$862,528$7,413,677
29$13,591,357$4,985,822$897,030$7,708,505
30$14,135,011$5,186,974$932,911$8,015,126
Total$254,200,000$92,764,607$16,777,201$144,658,194

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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.