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Delaware Powerball Jackpot Annuity Payout Schedule for Feb 16, 2011

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The tax information provided here is based on 2026 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 $104,300,000 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, Feb 16, 2011
Jackpot:$104,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,859,679$644,039$122,739$1,092,902
2$1,934,067$671,562$127,648$1,134,856
3$2,011,429$700,186$132,754$1,178,489
4$2,091,886$729,955$138,064$1,223,867
5$2,175,562$760,915$143,587$1,271,060
6$2,262,584$793,113$149,331$1,320,140
7$2,353,088$826,600$155,304$1,371,184
8$2,447,211$861,425$161,516$1,424,270
9$2,545,100$897,644$167,977$1,479,479
10$2,646,904$935,312$174,696$1,536,896
11$2,752,780$974,486$181,683$1,596,611
12$2,862,891$1,015,227$188,951$1,658,713
13$2,977,407$1,057,598$196,509$1,723,300
14$3,096,503$1,101,663$204,369$1,790,470
15$3,220,363$1,147,492$212,544$1,860,327
16$3,349,177$1,195,153$221,046$1,932,979
17$3,483,145$1,244,721$229,888$2,008,536
18$3,622,470$1,296,271$239,083$2,087,116
19$3,767,369$1,349,884$248,646$2,168,839
20$3,918,064$1,405,641$258,592$2,253,831
21$4,074,786$1,463,628$268,936$2,342,222
22$4,237,778$1,523,935$279,693$2,434,149
23$4,407,289$1,586,654$290,881$2,529,754
24$4,583,581$1,651,882$302,516$2,629,182
25$4,766,924$1,719,719$314,617$2,732,588
26$4,957,601$1,790,270$327,202$2,840,130
27$5,155,905$1,863,642$340,290$2,951,973
28$5,362,141$1,939,949$353,901$3,068,290
29$5,576,627$2,019,309$368,057$3,189,260
30$5,799,692$2,101,843$382,780$3,315,069
Total$104,300,000$37,269,718$6,883,800$60,146,482

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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.