USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jun 18, 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 $36,700,000 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, Jun 18, 2011
Jackpot:$36,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$654,365$198,072$43,188$413,104
2$680,539$207,757$44,916$427,867
3$707,761$217,829$46,712$443,220
4$736,071$228,304$48,581$459,187
5$765,514$239,197$50,524$475,793
6$796,135$250,527$52,545$493,063
7$827,980$262,310$54,647$511,023
8$861,099$274,564$56,833$529,703
9$895,543$287,308$59,106$549,129
10$931,365$300,562$61,470$569,333
11$968,620$314,346$63,929$590,344
12$1,007,364$328,682$66,486$612,196
13$1,047,659$343,591$69,145$634,922
14$1,089,565$359,096$71,911$658,558
15$1,133,148$375,222$74,788$683,138
16$1,178,474$391,993$77,779$708,702
17$1,225,613$409,434$80,890$735,288
18$1,274,637$427,573$84,126$762,938
19$1,325,623$446,438$87,491$791,694
20$1,378,648$466,057$90,991$821,600
21$1,433,794$486,461$94,630$852,702
22$1,491,145$507,681$98,416$885,049
23$1,550,791$529,750$102,352$918,689
24$1,612,823$552,702$106,446$953,675
25$1,677,336$576,571$110,704$990,060
26$1,744,429$601,396$115,132$1,027,901
27$1,814,206$627,214$119,738$1,067,255
28$1,886,774$654,064$124,527$1,108,184
29$1,962,245$681,988$129,508$1,150,749
30$2,040,735$711,029$134,689$1,195,017
Total$36,700,000$12,257,718$2,422,200$22,020,083

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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.