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Delaware Powerball Jackpot Annuity Payout Schedule for Mar 20, 2021

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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 $205,300,000 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 20, 2021
Jackpot:$205,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,090,060$1,099,279$203,944$1,786,836
2$3,244,563$1,156,445$214,141$1,873,976
3$3,406,791$1,216,470$224,848$1,965,473
4$3,577,130$1,279,495$236,091$2,061,544
5$3,755,987$1,345,672$247,895$2,162,419
6$3,943,786$1,415,158$260,290$2,268,338
7$4,140,976$1,488,118$273,304$2,379,553
8$4,348,024$1,564,726$286,970$2,496,328
9$4,565,425$1,645,165$301,318$2,618,943
10$4,793,697$1,729,625$316,384$2,747,688
11$5,033,382$1,818,308$332,203$2,882,870
12$5,285,051$1,911,426$348,813$3,024,811
13$5,549,303$2,009,199$366,254$3,173,850
14$5,826,768$2,111,862$384,567$3,330,340
15$6,118,107$2,219,657$403,795$3,494,655
16$6,424,012$2,332,842$423,985$3,667,186
17$6,745,213$2,451,686$445,184$3,848,343
18$7,082,473$2,576,472$467,443$4,038,558
19$7,436,597$2,707,498$490,815$4,238,283
20$7,808,427$2,845,075$515,356$4,447,995
21$8,198,848$2,989,531$541,124$4,668,193
22$8,608,790$3,141,210$568,180$4,899,401
23$9,039,230$3,300,472$596,589$5,142,169
24$9,491,191$3,467,698$626,419$5,397,075
25$9,965,751$3,643,285$657,740$5,664,726
26$10,464,039$3,827,652$690,627$5,945,761
27$10,987,241$4,021,236$725,158$6,240,846
28$11,536,603$4,224,500$761,416$6,550,687
29$12,113,433$4,437,927$799,487$6,876,019
30$12,719,104$4,662,026$839,461$7,217,618
Total$205,300,000$74,639,715$13,549,801$117,110,484

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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.