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Delaware Powerball Jackpot Annuity Payout Schedule for Mar 13, 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 $183,000,000 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, Mar 13, 2013
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,262,908$1,163,233$215,352$1,884,323
2$3,393,424$1,211,524$223,966$1,957,934
3$3,529,161$1,261,747$232,925$2,034,490
4$3,670,328$1,313,979$242,242$2,114,108
5$3,817,141$1,368,299$251,931$2,196,910
6$3,969,827$1,424,793$262,009$2,283,025
7$4,128,620$1,483,547$272,489$2,372,584
8$4,293,765$1,544,650$283,388$2,465,726
9$4,465,515$1,608,198$294,724$2,562,593
10$4,644,136$1,674,287$306,513$2,663,335
11$4,829,901$1,743,021$318,773$2,768,107
12$5,023,097$1,814,503$331,524$2,877,070
13$5,224,021$1,888,845$344,785$2,990,391
14$5,432,982$1,966,161$358,577$3,108,245
15$5,650,301$2,046,569$372,920$3,230,813
16$5,876,313$2,130,193$387,837$3,358,283
17$6,111,366$2,217,163$403,350$3,490,853
18$6,355,820$2,307,611$419,484$3,628,725
19$6,610,053$2,401,677$436,264$3,772,113
20$6,874,455$2,499,506$453,714$3,921,236
21$7,149,434$2,601,248$471,863$4,076,323
22$7,435,411$2,707,059$490,737$4,237,614
23$7,732,827$2,817,103$510,367$4,405,357
24$8,042,140$2,931,549$530,781$4,579,810
25$8,363,826$3,050,573$552,013$4,761,241
26$8,698,379$3,174,358$574,093$4,949,929
27$9,046,314$3,303,094$597,057$5,146,164
28$9,408,167$3,436,979$620,939$5,350,249
29$9,784,493$3,576,220$645,777$5,562,497
30$10,175,873$3,721,030$671,608$5,783,235
Total$183,000,000$66,388,719$12,078,002$104,533,283

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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.