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Delaware Powerball Jackpot Annuity Payout Schedule for Jun 29, 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 $77,100,000 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, Jun 29, 2011
Jackpot:$77,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,374,701$465,659$90,730$818,311
2$1,429,689$486,005$94,359$849,324
3$1,486,876$507,164$98,134$881,578
4$1,546,351$529,170$102,059$915,122
5$1,608,205$552,056$106,142$950,008
6$1,672,534$575,858$110,387$986,289
7$1,739,435$600,611$114,803$1,024,021
8$1,809,012$626,355$119,395$1,063,263
9$1,881,373$653,128$124,171$1,104,074
10$1,956,628$680,972$129,137$1,146,518
11$2,034,893$709,931$134,303$1,190,659
12$2,116,288$740,047$139,675$1,236,566
13$2,200,940$771,368$145,262$1,284,310
14$2,288,978$803,942$151,073$1,333,963
15$2,380,537$837,819$157,115$1,385,602
16$2,475,758$873,051$163,400$1,439,307
17$2,574,789$909,692$169,936$1,495,160
18$2,677,780$947,799$176,733$1,553,248
19$2,784,891$987,430$183,803$1,613,658
20$2,896,287$1,028,646$191,155$1,676,486
21$3,012,138$1,071,511$198,801$1,741,826
22$3,132,624$1,116,091$206,753$1,809,780
23$3,257,929$1,162,454$215,023$1,880,452
24$3,388,246$1,210,671$223,624$1,953,951
25$3,523,776$1,260,817$232,569$2,030,389
26$3,664,727$1,312,969$241,872$2,109,886
27$3,811,316$1,367,207$251,547$2,192,562
28$3,963,769$1,423,615$261,609$2,278,545
29$4,122,319$1,482,278$272,073$2,367,968
30$4,287,212$1,543,289$282,956$2,460,967
Total$77,100,000$27,237,605$5,088,599$44,773,793

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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.