USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Apr 20, 2011

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The tax information provided here is based on 2024 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 $57,300,000 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, Apr 20, 2011
Jackpot:$57,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,021,665$336,204$67,430$618,031
2$1,062,531$351,324$70,127$641,080
3$1,105,033$367,050$72,932$665,051
4$1,149,234$383,404$75,849$689,980
5$1,195,203$400,413$78,883$715,907
6$1,243,011$418,102$82,039$742,871
7$1,292,732$436,498$85,320$770,913
8$1,344,441$455,631$88,733$800,077
9$1,398,219$475,529$92,282$830,408
10$1,454,147$496,222$95,974$861,951
11$1,512,313$517,744$99,813$894,757
12$1,572,806$540,126$103,805$928,875
13$1,635,718$563,403$107,957$964,357
14$1,701,147$587,612$112,276$1,001,259
15$1,769,193$612,789$116,767$1,039,637
16$1,839,960$638,973$121,437$1,079,550
17$1,913,559$666,205$126,295$1,121,059
18$1,990,101$694,525$131,347$1,164,229
19$2,069,705$723,979$136,601$1,209,126
20$2,152,493$754,610$142,065$1,255,819
21$2,238,593$786,467$147,747$1,304,379
22$2,328,137$819,598$153,657$1,354,881
23$2,421,262$854,055$159,803$1,407,404
24$2,518,113$889,889$166,195$1,462,028
25$2,618,837$927,158$172,843$1,518,837
26$2,723,591$965,916$179,757$1,577,917
27$2,832,534$1,006,225$186,947$1,639,362
28$2,945,836$1,048,147$194,425$1,703,264
29$3,063,669$1,091,745$202,202$1,769,722
30$3,186,216$1,137,088$210,290$1,838,838
Total$57,300,000$19,946,631$3,781,798$33,571,569

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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.