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Delaware Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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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 $65,900,000 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, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$392,939$77,550$704,514
2$1,222,004$410,329$80,652$731,022
3$1,270,884$428,415$83,878$758,591
4$1,321,719$447,224$87,233$787,262
5$1,374,588$466,785$90,723$817,080
6$1,429,571$487,129$94,352$848,091
7$1,486,754$508,287$98,126$880,342
8$1,546,224$530,291$102,051$913,883
9$1,608,073$553,175$106,133$948,766
10$1,672,396$576,974$110,378$985,044
11$1,739,292$601,726$114,793$1,022,773
12$1,808,864$627,467$119,385$1,062,012
13$1,881,219$654,239$124,160$1,102,819
14$1,956,467$682,081$129,127$1,145,260
15$2,034,726$711,036$134,292$1,189,398
16$2,116,115$741,150$139,664$1,235,301
17$2,200,760$772,469$145,250$1,283,041
18$2,288,790$805,040$151,060$1,332,690
19$2,380,342$838,914$157,103$1,384,325
20$2,475,555$874,143$163,387$1,438,025
21$2,574,577$910,781$169,922$1,493,874
22$2,677,561$948,885$176,719$1,551,956
23$2,784,663$988,513$183,788$1,612,362
24$2,896,049$1,029,726$191,139$1,675,184
25$3,011,891$1,072,588$198,785$1,740,519
26$3,132,367$1,117,164$206,736$1,808,467
27$3,257,662$1,163,523$215,006$1,879,134
28$3,387,968$1,211,736$223,606$1,952,626
29$3,523,487$1,261,878$232,550$2,029,059
30$3,664,426$1,314,026$241,852$2,108,549
Total$65,900,000$23,128,633$4,349,400$38,421,969

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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.