USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Dec 31, 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 $25,000,000 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:Sat, Dec 31, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$125,561$29,420$290,772
2$463,583$131,801$30,596$301,185
3$482,126$138,291$31,820$312,014
4$501,411$145,041$33,093$323,277
5$521,467$152,061$34,417$334,990
6$542,326$159,361$35,794$347,171
7$564,019$166,954$37,225$359,840
8$586,580$174,850$38,714$373,015
9$610,043$183,062$40,263$386,718
10$634,445$191,765$41,873$400,807
11$659,823$201,155$43,548$415,120
12$686,215$210,920$45,290$430,005
13$713,664$221,076$47,102$445,486
14$742,211$231,638$48,986$461,587
15$771,899$242,623$50,945$478,331
16$802,775$254,047$52,983$495,745
17$834,886$265,928$55,102$513,855
18$868,281$278,284$57,307$532,691
19$903,013$291,135$59,599$552,279
20$939,133$304,500$61,983$572,651
21$976,699$318,399$64,462$593,838
22$1,015,767$332,854$67,041$615,872
23$1,056,397$347,887$69,722$638,788
24$1,098,653$363,522$72,511$662,620
25$1,142,599$379,782$75,412$687,406
26$1,188,303$396,692$78,428$713,183
27$1,235,835$414,279$81,565$739,991
28$1,285,269$432,570$84,828$767,871
29$1,336,679$451,592$88,221$796,867
30$1,390,147$471,374$91,750$827,022
Total$25,000,000$7,979,004$1,650,000$15,370,997

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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.