USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Apr 23, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $74,000,000 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, Apr 23, 2011
Jackpot:$74,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,319,427$444,145$87,082$788,200
2$1,372,204$463,673$90,565$817,966
3$1,427,093$483,982$94,188$848,923
4$1,484,176$505,102$97,956$881,118
5$1,543,543$527,068$101,874$914,601
6$1,605,285$549,913$105,949$949,424
7$1,669,497$573,671$110,187$985,639
8$1,736,276$598,380$114,594$1,023,303
9$1,805,727$624,076$119,178$1,062,473
10$1,877,957$650,801$123,945$1,103,210
11$1,953,075$678,595$128,903$1,145,577
12$2,031,198$707,500$134,059$1,189,638
13$2,112,446$737,562$139,421$1,235,462
14$2,196,944$768,826$144,998$1,283,119
15$2,284,821$801,341$150,798$1,332,682
16$2,376,214$835,156$156,830$1,384,227
17$2,471,263$870,324$163,103$1,437,835
18$2,570,113$906,899$169,627$1,493,587
19$2,672,918$944,937$176,413$1,551,568
20$2,779,834$984,496$183,469$1,611,869
21$2,891,028$1,025,638$190,808$1,674,582
22$3,006,669$1,068,425$198,440$1,739,804
23$3,126,936$1,112,923$206,378$1,807,634
24$3,252,013$1,159,202$214,633$1,878,178
25$3,382,094$1,207,332$223,218$1,951,544
26$3,517,377$1,257,387$232,147$2,027,844
27$3,658,072$1,309,444$241,433$2,107,196
28$3,804,395$1,363,584$251,090$2,189,722
29$3,956,571$1,419,889$261,134$2,275,549
30$4,114,834$1,478,446$271,579$2,364,809
Total$74,000,000$26,058,717$4,883,999$43,057,283

◄ Back to Jackpot Analysis

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.