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Delaware Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$307,988$62,605$577,968
2$986,504$322,027$65,109$599,368
3$1,025,964$336,627$67,714$621,623
4$1,067,002$351,811$70,422$644,769
5$1,109,683$367,603$73,239$668,841
6$1,154,070$384,026$76,169$693,875
7$1,200,233$401,106$79,215$719,911
8$1,248,242$418,870$82,384$746,988
9$1,298,172$437,344$85,679$775,149
10$1,350,098$456,557$89,106$804,435
11$1,404,102$476,538$92,671$834,894
12$1,460,267$497,319$96,378$866,570
13$1,518,677$518,931$100,233$899,514
14$1,579,424$541,407$104,242$933,775
15$1,642,601$564,783$108,412$969,407
16$1,708,305$589,093$112,748$1,006,464
17$1,776,637$614,376$117,258$1,045,003
18$1,847,703$640,670$121,948$1,085,084
19$1,921,611$668,016$126,826$1,126,768
20$1,998,476$696,456$131,899$1,170,120
21$2,078,415$726,034$137,175$1,215,206
22$2,161,551$756,794$142,662$1,262,095
23$2,248,013$788,785$148,369$1,310,859
24$2,337,934$822,056$154,304$1,361,574
25$2,431,451$856,657$160,476$1,414,318
26$2,528,709$892,643$166,895$1,469,172
27$2,629,857$930,068$173,571$1,526,219
28$2,735,052$968,989$180,513$1,585,549
29$2,844,454$1,009,468$187,734$1,647,252
30$2,958,232$1,051,566$195,243$1,711,423
Total$53,200,000$18,394,608$3,511,199$31,294,193

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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.