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Delaware Powerball Jackpot Annuity Payout Schedule for Dec 10, 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 $65,500,000 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, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$389,133$77,080$701,659
2$1,214,586$406,417$80,163$728,006
3$1,263,170$424,393$83,369$755,408
4$1,313,697$443,088$86,704$783,905
5$1,366,244$462,531$90,172$813,542
6$1,420,894$482,751$93,779$844,364
7$1,477,730$503,780$97,530$876,419
8$1,536,839$525,651$101,431$909,757
9$1,598,313$548,396$105,489$944,428
10$1,662,245$572,051$109,708$980,486
11$1,728,735$596,652$114,097$1,017,986
12$1,797,885$622,238$118,660$1,056,987
13$1,869,800$648,846$123,407$1,097,547
14$1,944,592$676,519$128,343$1,139,730
15$2,022,376$705,299$133,477$1,183,600
16$2,103,271$735,230$138,816$1,229,224
17$2,187,401$766,359$144,368$1,276,674
18$2,274,897$798,732$150,143$1,326,022
19$2,365,893$832,401$156,149$1,377,344
20$2,460,529$867,416$162,395$1,430,718
21$2,558,950$903,832$168,891$1,486,228
22$2,661,308$941,704$175,646$1,543,958
23$2,767,761$981,092$182,672$1,603,997
24$2,878,471$1,022,055$189,979$1,666,437
25$2,993,610$1,064,656$197,578$1,731,376
26$3,113,354$1,108,961$205,481$1,798,912
27$3,237,888$1,155,039$213,701$1,869,149
28$3,367,404$1,202,960$222,249$1,942,196
29$3,502,100$1,252,797$231,139$2,018,164
30$3,642,184$1,304,628$240,384$2,097,172
Total$65,500,000$22,945,607$4,323,000$38,231,395

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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.