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Delaware Powerball Jackpot Annuity Payout Schedule for Mar 7, 2015

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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 $101,500,000 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, Mar 7, 2015
Jackpot:$101,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,809,755$626,630$119,444$1,063,682
2$1,882,145$653,414$124,222$1,104,510
3$1,957,431$681,270$129,190$1,146,971
4$2,035,728$710,240$134,358$1,191,131
5$2,117,157$740,369$139,732$1,237,057
6$2,201,844$771,702$145,322$1,284,820
7$2,289,917$804,290$151,135$1,334,493
8$2,381,514$838,181$157,180$1,386,154
9$2,476,775$873,427$163,467$1,439,881
10$2,575,846$910,083$170,006$1,495,757
11$2,678,880$948,206$176,806$1,553,868
12$2,786,035$987,853$183,878$1,614,303
13$2,897,476$1,029,086$191,233$1,677,156
14$3,013,375$1,071,969$198,883$1,742,523
15$3,133,910$1,116,567$206,838$1,810,505
16$3,259,267$1,162,949$215,112$1,881,206
17$3,389,637$1,211,186$223,716$1,954,735
18$3,525,223$1,261,353$232,665$2,031,205
19$3,666,232$1,313,526$241,971$2,110,734
20$3,812,881$1,367,786$251,650$2,193,445
21$3,965,396$1,424,217$261,716$2,279,463
22$4,124,012$1,482,905$272,185$2,368,923
23$4,288,973$1,543,940$283,072$2,461,960
24$4,460,531$1,607,417$294,395$2,558,719
25$4,638,953$1,673,433$306,171$2,659,349
26$4,824,511$1,742,089$318,418$2,764,004
27$5,017,491$1,813,492$331,154$2,872,845
28$5,218,191$1,887,751$344,401$2,986,039
29$5,426,919$1,964,980$358,177$3,103,762
30$5,643,995$2,045,298$372,504$3,226,193
Total$101,500,000$36,265,609$6,699,001$58,535,393

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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.