USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Apr 3, 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 $32,300,000 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, Apr 3, 2021
Jackpot:$32,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$486,161$138,926$32,087$315,149
2$510,469$147,434$33,691$329,345
3$535,993$156,367$35,376$344,251
4$562,793$165,747$37,144$359,902
5$590,932$175,596$39,002$376,335
6$620,479$185,937$40,952$393,590
7$651,503$197,013$42,999$411,490
8$684,078$209,066$45,149$429,863
9$718,282$221,721$47,407$449,154
10$754,196$235,010$49,777$469,409
11$791,906$248,962$52,266$490,678
12$831,501$263,613$54,879$513,009
13$873,076$278,995$57,623$536,458
14$916,730$295,147$60,504$561,078
15$962,566$312,107$63,529$586,930
16$1,010,695$329,914$66,706$614,074
17$1,061,229$348,612$70,041$642,576
18$1,114,291$368,245$73,543$672,503
19$1,170,005$388,859$77,220$703,926
20$1,228,506$410,504$81,081$736,920
21$1,289,931$433,232$85,135$771,564
22$1,354,427$457,095$89,392$807,940
23$1,422,149$482,152$93,862$846,135
24$1,493,256$508,462$98,555$886,239
25$1,567,919$536,087$103,483$928,349
26$1,646,315$565,094$108,657$972,564
27$1,728,631$595,551$114,090$1,018,990
28$1,815,062$627,530$119,794$1,067,738
29$1,905,815$661,109$125,784$1,118,923
30$2,001,106$696,366$132,073$1,172,667
Total$32,300,000$10,640,453$2,131,801$19,527,749

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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.