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Delaware Powerball Jackpot Annuity Payout Schedule for Sep 7, 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 $108,800,000 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, Sep 7, 2011
Jackpot:$108,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,939,915$674,789$128,034$1,137,092
2$2,017,511$703,499$133,156$1,180,856
3$2,098,212$733,359$138,482$1,226,371
4$2,182,140$764,412$144,021$1,273,707
5$2,269,426$796,708$149,782$1,322,936
6$2,360,203$830,295$155,773$1,374,134
7$2,454,611$865,226$162,004$1,427,380
8$2,552,796$901,555$168,485$1,482,756
9$2,654,907$939,336$175,224$1,540,347
10$2,761,104$978,629$182,233$1,600,242
11$2,871,548$1,019,493$189,522$1,662,533
12$2,986,410$1,061,992$197,103$1,727,315
13$3,105,866$1,106,191$204,987$1,794,688
14$3,230,101$1,152,158$213,187$1,864,757
15$3,359,305$1,199,963$221,714$1,937,628
16$3,493,677$1,249,681$230,583$2,013,414
17$3,633,424$1,301,387$239,806$2,092,231
18$3,778,761$1,355,162$249,398$2,174,201
19$3,929,911$1,411,087$259,374$2,259,450
20$4,087,108$1,469,250$269,749$2,348,109
21$4,250,592$1,529,739$280,539$2,440,314
22$4,420,616$1,592,648$291,761$2,536,207
23$4,597,441$1,658,073$303,431$2,635,936
24$4,781,338$1,726,115$315,568$2,739,654
25$4,972,592$1,796,879$328,191$2,847,521
26$5,171,495$1,870,474$341,319$2,959,703
27$5,378,355$1,947,012$354,971$3,076,372
28$5,593,489$2,026,611$369,170$3,197,708
29$5,817,229$2,109,395$383,937$3,323,897
30$6,049,918$2,195,490$399,295$3,455,134
Total$108,800,000$38,966,608$7,180,799$62,652,593

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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.