USA Mega

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

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$157,591$35,304$342,009
2$556,299$165,079$36,716$354,504
3$578,551$172,868$38,184$367,499
4$601,693$180,967$39,712$381,014
5$625,761$189,719$41,300$394,741
6$650,791$198,981$42,952$408,859
7$676,823$208,612$44,670$423,540
8$703,896$218,629$46,457$438,809
9$732,052$229,047$48,315$454,689
10$761,334$239,881$50,248$471,204
11$791,787$251,149$52,258$488,380
12$823,459$262,867$54,348$506,243
13$856,397$275,055$56,522$524,820
14$890,653$287,729$58,783$544,140
15$926,279$300,911$61,134$564,234
16$963,330$314,620$63,580$585,130
17$1,001,863$328,877$66,123$606,863
18$1,041,938$343,705$68,768$629,465
19$1,083,615$359,125$71,519$652,971
20$1,126,960$375,163$74,379$677,418
21$1,172,038$391,842$77,355$702,842
22$1,218,920$409,188$80,449$729,283
23$1,267,677$427,228$83,667$756,782
24$1,318,384$445,990$87,013$785,381
25$1,371,119$465,502$90,494$815,123
26$1,425,964$485,794$94,114$846,056
27$1,483,002$506,899$97,878$878,226
28$1,542,322$528,847$101,793$911,682
29$1,604,015$551,673$105,865$946,477
30$1,668,176$575,413$110,100$982,663
Total$30,000,000$9,848,951$1,980,000$18,171,047

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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.