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Delaware Powerball Jackpot Annuity Payout Schedule for Jun 22, 2019

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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 $108,700,000 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, Jun 22, 2019
Jackpot:$108,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,636,091$561,311$107,982$966,798
2$1,717,896$591,579$113,381$1,012,936
3$1,803,790$623,360$119,050$1,061,380
4$1,893,980$656,730$125,003$1,112,247
5$1,988,679$691,768$131,253$1,165,658
6$2,088,113$728,559$137,815$1,221,738
7$2,192,518$767,189$144,706$1,280,623
8$2,302,144$807,751$151,942$1,342,452
9$2,417,252$850,340$159,539$1,407,373
10$2,538,114$895,059$167,516$1,475,539
11$2,665,020$942,015$175,891$1,547,114
12$2,798,271$991,317$184,686$1,622,268
13$2,938,184$1,043,085$193,920$1,701,179
14$3,085,094$1,097,442$203,616$1,784,036
15$3,239,348$1,154,516$213,797$1,871,035
16$3,401,316$1,214,444$224,487$1,962,385
17$3,571,381$1,277,368$235,711$2,058,302
18$3,749,951$1,343,439$247,497$2,159,015
19$3,937,448$1,412,813$259,872$2,264,763
20$4,134,320$1,485,656$272,865$2,375,799
21$4,341,036$1,562,141$286,508$2,492,387
22$4,558,088$1,642,450$300,834$2,614,805
23$4,785,993$1,726,775$315,876$2,743,343
24$5,025,292$1,815,315$331,669$2,878,308
25$5,276,557$1,908,283$348,253$3,020,021
26$5,540,385$2,005,900$365,665$3,168,820
27$5,817,404$2,108,397$383,949$3,325,059
28$6,108,274$2,216,019$403,146$3,489,109
29$6,413,688$2,329,022$423,303$3,661,363
30$6,734,372$2,447,675$444,469$3,842,229
Total$108,700,000$38,897,718$7,174,201$62,628,084

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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.