USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jun 16, 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 $41,200,000 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, Jun 16, 2021
Jackpot:$41,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$620,119$185,811$40,928$393,380
2$651,125$196,874$42,974$411,277
3$683,681$208,919$45,123$429,639
4$717,865$221,567$47,379$448,919
5$753,759$234,848$49,748$469,163
6$791,447$248,792$52,235$490,419
7$831,019$263,434$54,847$512,737
8$872,570$278,808$57,590$536,172
9$916,198$294,951$60,469$560,779
10$962,008$311,900$63,493$586,615
11$1,010,109$329,697$66,667$613,744
12$1,060,614$348,384$70,001$642,229
13$1,113,645$368,006$73,501$672,138
14$1,169,327$388,608$77,176$703,543
15$1,227,793$410,241$81,034$736,518
16$1,289,183$432,955$85,086$771,142
17$1,353,642$456,805$89,340$807,497
18$1,421,324$481,847$93,807$845,670
19$1,492,391$508,142$98,498$885,751
20$1,567,010$535,751$103,423$927,836
21$1,645,361$564,741$108,594$972,026
22$1,727,629$595,180$114,023$1,018,425
23$1,814,010$627,141$119,725$1,067,144
24$1,904,711$660,700$125,711$1,118,300
25$1,999,946$695,937$131,996$1,172,012
26$2,099,943$732,936$138,596$1,228,411
27$2,204,941$771,785$145,526$1,287,629
28$2,315,188$812,577$152,802$1,349,809
29$2,430,947$855,408$160,443$1,415,097
30$2,552,494$900,380$168,465$1,483,650
Total$41,200,000$13,923,125$2,719,200$24,557,671

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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.