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Delaware Powerball Jackpot Annuity Payout Schedule for Oct 23, 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 $213,400,000 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, Oct 23, 2013
Jackpot:$213,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,804,943$1,363,786$251,126$2,190,031
2$3,957,141$1,420,099$261,171$2,275,870
3$4,115,427$1,478,665$271,618$2,365,143
4$4,280,044$1,539,573$282,483$2,457,987
5$4,451,245$1,602,918$293,782$2,554,545
6$4,629,295$1,668,796$305,533$2,654,965
7$4,814,467$1,737,310$317,755$2,759,402
8$5,007,046$1,808,564$330,465$2,868,016
9$5,207,327$1,882,668$343,684$2,980,975
10$5,415,621$1,959,737$357,431$3,098,453
11$5,632,245$2,039,888$371,728$3,220,629
12$5,857,535$2,123,245$386,597$3,347,693
13$6,091,837$2,209,937$402,061$3,479,839
14$6,335,510$2,300,096$418,144$3,617,270
15$6,588,930$2,393,862$434,869$3,760,200
16$6,852,488$2,491,378$452,264$3,908,846
17$7,126,587$2,592,795$470,355$4,063,438
18$7,411,651$2,698,268$489,169$4,224,214
19$7,708,117$2,807,960$508,736$4,391,421
20$8,016,441$2,922,041$529,085$4,565,316
21$8,337,099$3,040,684$550,249$4,746,167
22$8,670,583$3,164,073$572,258$4,934,252
23$9,017,406$3,292,398$595,149$5,129,860
24$9,378,103$3,425,855$618,955$5,333,293
25$9,753,227$3,564,651$643,713$5,544,863
26$10,143,356$3,708,999$669,461$5,764,895
27$10,549,090$3,859,121$696,240$5,993,729
28$10,971,054$4,015,247$724,090$6,231,717
29$11,409,896$4,177,619$753,053$6,479,224
30$11,866,291$4,346,485$783,175$6,736,631
Total$213,400,000$77,636,718$14,084,399$121,678,884

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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.