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Delaware Powerball Jackpot Annuity Payout Schedule for Dec 7, 2016

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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 $69,100,000 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:Wed, Dec 7, 2016
Jackpot:$69,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,040,054$340,777$68,644$630,633
2$1,092,057$360,018$72,076$659,963
3$1,146,660$380,221$75,680$690,759
4$1,203,993$401,435$79,464$723,095
5$1,264,192$423,708$83,437$757,047
6$1,327,402$447,096$87,609$792,697
7$1,393,772$471,653$91,989$830,130
8$1,463,461$497,438$96,588$869,435
9$1,536,634$524,512$101,418$910,704
10$1,613,465$552,939$106,489$954,037
11$1,694,139$582,789$111,813$999,537
12$1,778,846$614,130$117,404$1,047,312
13$1,867,788$647,039$123,274$1,097,475
14$1,961,177$681,593$129,438$1,150,147
15$2,059,236$717,875$135,910$1,205,452
16$2,162,198$755,970$142,705$1,263,522
17$2,270,308$795,971$149,840$1,324,496
18$2,383,823$837,972$157,332$1,388,519
19$2,503,014$882,073$165,199$1,455,743
20$2,628,165$928,378$173,459$1,526,328
21$2,759,573$976,999$182,132$1,600,442
22$2,897,552$1,028,051$191,238$1,678,262
23$3,042,430$1,081,656$200,800$1,759,973
24$3,194,551$1,137,941$210,840$1,845,770
25$3,354,279$1,197,040$221,382$1,935,856
26$3,521,993$1,259,095$232,452$2,030,447
27$3,698,092$1,324,251$244,074$2,129,767
28$3,882,997$1,392,666$256,278$2,234,053
29$4,077,147$1,464,501$269,092$2,343,553
30$4,281,004$1,539,929$282,546$2,458,529
Total$69,100,000$24,245,716$4,560,602$40,293,683

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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.