USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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The tax information provided here is based on 2025 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 $50,000,000 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:Sat, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$286,877$58,839$545,789
2$927,165$300,071$61,193$565,901
3$964,252$313,793$63,641$586,818
4$1,002,822$328,064$66,186$608,571
5$1,042,935$342,906$68,834$631,195
6$1,084,652$358,342$71,587$654,724
7$1,128,038$374,394$74,451$679,193
8$1,173,160$391,089$77,429$704,642
9$1,220,086$408,452$80,526$731,108
10$1,268,890$426,509$83,747$758,633
11$1,319,645$445,289$87,097$787,260
12$1,372,431$464,820$90,580$817,031
13$1,427,328$485,132$94,204$847,993
14$1,484,421$506,256$97,972$880,193
15$1,543,798$528,226$101,891$913,682
16$1,605,550$551,074$105,966$948,510
17$1,669,772$574,836$110,205$984,731
18$1,736,563$599,549$114,613$1,022,401
19$1,806,025$625,250$119,198$1,061,578
20$1,878,266$651,979$123,966$1,102,322
21$1,953,397$679,777$128,924$1,144,696
22$2,031,533$708,687$134,081$1,188,764
23$2,112,794$738,754$139,444$1,234,596
24$2,197,306$770,024$145,022$1,282,260
25$2,285,198$802,544$150,823$1,331,832
26$2,376,606$836,365$156,856$1,383,386
27$2,471,671$871,538$163,130$1,437,002
28$2,570,537$908,119$169,655$1,492,763
29$2,673,359$946,163$176,442$1,550,754
30$2,780,293$985,729$183,499$1,611,065
Total$50,000,000$17,210,608$3,300,001$29,489,393

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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.