USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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The tax information provided here is based on 2024 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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$157,807$1,390,345
2$2,486,657$878,251$164,119$1,444,287
3$2,586,123$915,053$170,684$1,500,386
4$2,689,568$953,328$177,511$1,558,729
5$2,797,151$993,134$184,612$1,619,405
6$2,909,037$1,034,531$191,996$1,682,509
7$3,025,398$1,077,585$199,676$1,748,137
8$3,146,414$1,122,361$207,663$1,816,390
9$3,272,271$1,168,928$215,970$1,887,373
10$3,403,162$1,217,358$224,609$1,961,195
11$3,539,288$1,267,724$233,593$2,037,971
12$3,680,860$1,320,106$242,937$2,117,817
13$3,828,094$1,374,583$252,654$2,200,857
14$3,981,218$1,431,238$262,760$2,287,219
15$4,140,467$1,490,160$273,271$2,377,035
16$4,306,085$1,551,439$284,202$2,470,444
17$4,478,329$1,615,169$295,570$2,567,590
18$4,657,462$1,681,449$307,392$2,668,621
19$4,843,760$1,750,379$319,688$2,773,693
20$5,037,511$1,822,067$332,476$2,882,968
21$5,239,011$1,896,622$345,775$2,996,615
22$5,448,572$1,974,159$359,606$3,114,807
23$5,666,514$2,054,798$373,990$3,237,726
24$5,893,175$2,138,663$388,950$3,365,563
25$6,128,902$2,225,881$404,508$3,498,513
26$6,374,058$2,316,589$420,688$3,636,781
27$6,629,020$2,410,925$437,515$3,780,580
28$6,894,181$2,509,035$455,016$3,930,130
29$7,169,948$2,611,069$473,217$4,085,663
30$7,456,746$2,717,184$492,145$4,247,417
Total$134,100,000$48,362,632$8,850,600$76,886,766

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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.