USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Feb 4, 2012

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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 $210,300,000 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, Feb 4, 2012
Jackpot:$210,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,749,670$1,343,335$247,478$2,158,857
2$3,899,657$1,398,830$257,377$2,243,449
3$4,055,643$1,456,545$267,672$2,331,425
4$4,217,869$1,516,569$278,379$2,422,921
5$4,386,583$1,578,993$289,515$2,518,076
6$4,562,047$1,643,915$301,095$2,617,037
7$4,744,529$1,711,433$313,139$2,719,957
8$4,934,310$1,781,652$325,664$2,826,993
9$5,131,682$1,854,680$338,691$2,938,311
10$5,336,949$1,930,629$352,239$3,054,082
11$5,550,427$2,009,615$366,328$3,174,484
12$5,772,444$2,091,762$380,981$3,299,701
13$6,003,342$2,177,194$396,221$3,429,928
14$6,243,476$2,266,043$412,069$3,565,363
15$6,493,215$2,358,447$428,552$3,706,216
16$6,752,944$2,454,546$445,694$3,852,703
17$7,023,061$2,554,490$463,522$4,005,049
18$7,303,984$2,658,431$482,063$4,163,490
19$7,596,143$2,766,530$501,345$4,328,267
20$7,899,989$2,878,953$521,399$4,499,636
21$8,215,988$2,995,873$542,255$4,677,860
22$8,544,628$3,117,470$563,945$4,863,213
23$8,886,413$3,243,930$586,503$5,055,980
24$9,241,870$3,375,449$609,963$5,256,457
25$9,611,544$3,512,229$634,362$5,464,954
26$9,996,006$3,654,480$659,736$5,681,790
27$10,395,846$3,802,420$686,126$5,907,300
28$10,811,680$3,956,279$713,571$6,141,830
29$11,244,147$4,116,292$742,114$6,385,742
30$11,693,913$4,282,705$771,798$6,639,410
Total$210,300,000$76,489,719$13,879,796$119,930,481

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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.