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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 12, 2013

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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 $133,800,000 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:Sat, Oct 12, 2013
Jackpot:$133,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,385,667$838,654$157,454$1,389,559
2$2,481,094$873,962$163,752$1,443,380
3$2,580,338$910,682$170,302$1,499,353
4$2,683,551$948,871$177,114$1,557,566
5$2,790,893$988,588$184,199$1,618,107
6$2,902,529$1,029,893$191,567$1,681,069
7$3,018,630$1,072,850$199,230$1,746,550
8$3,139,375$1,117,526$207,199$1,814,650
9$3,264,950$1,163,989$215,487$1,885,475
10$3,395,548$1,212,310$224,106$1,959,132
11$3,531,370$1,262,564$233,070$2,035,736
12$3,672,625$1,314,829$242,393$2,115,403
13$3,819,530$1,369,183$252,089$2,198,258
14$3,972,311$1,425,712$262,173$2,284,426
15$4,131,204$1,484,503$272,659$2,374,042
16$4,296,452$1,545,644$283,566$2,467,242
17$4,468,310$1,609,232$294,908$2,564,170
18$4,647,042$1,675,363$306,705$2,664,975
19$4,832,924$1,744,139$318,973$2,769,812
20$5,026,241$1,815,666$331,732$2,878,843
21$5,227,291$1,890,055$345,001$2,992,235
22$5,436,382$1,967,419$358,801$3,110,162
23$5,653,838$2,047,877$373,153$3,232,807
24$5,879,991$2,131,554$388,079$3,360,358
25$6,115,191$2,218,578$403,603$3,493,010
26$6,359,798$2,309,083$419,747$3,630,969
27$6,614,190$2,403,208$436,537$3,774,446
28$6,878,758$2,501,098$453,998$3,923,662
29$7,153,908$2,602,903$472,158$4,078,847
30$7,440,065$2,708,781$491,044$4,240,239
Total$133,800,000$48,184,716$8,830,799$76,784,483

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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.