USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 30, 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 $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$156,763$35,304$342,836
2$556,299$164,252$36,716$355,331
3$578,551$172,040$38,184$368,327
4$601,693$180,140$39,712$381,842
5$625,761$188,564$41,300$395,897
6$650,791$197,813$42,952$410,026
7$676,823$207,445$44,670$424,708
8$703,896$217,462$46,457$439,977
9$732,052$227,879$48,315$455,857
10$761,334$238,714$50,248$472,372
11$791,787$249,981$52,258$489,548
12$823,459$261,700$54,348$507,410
13$856,397$273,887$56,522$525,988
14$890,653$286,562$58,783$545,308
15$926,279$299,743$61,134$565,401
16$963,330$313,452$63,580$586,298
17$1,001,863$327,710$66,123$608,031
18$1,041,938$342,537$68,768$630,633
19$1,083,615$357,958$71,519$654,139
20$1,126,960$373,995$74,379$678,585
21$1,172,038$390,674$77,355$704,009
22$1,218,920$408,021$80,449$730,451
23$1,267,677$426,061$83,667$757,949
24$1,318,384$444,822$87,013$786,548
25$1,371,119$464,334$90,494$816,291
26$1,425,964$484,627$94,114$847,223
27$1,483,002$505,731$97,878$879,393
28$1,542,322$527,680$101,793$912,850
29$1,604,015$550,506$105,865$947,644
30$1,668,176$574,245$110,100$983,831
Total$30,000,000$9,815,298$1,980,000$18,204,703

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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.