USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 prize money, as well as deductions claimed.

State:

Delaware

Drawing Date:Sat, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$283,714$2,460,389
2$4,513,624$1,634,113$297,899$2,581,612
3$4,739,306$1,717,615$312,794$2,708,896
4$4,976,271$1,805,293$328,434$2,842,545
5$5,225,084$1,897,353$344,856$2,982,875
6$5,486,339$1,994,018$362,098$3,130,223
7$5,760,656$2,095,515$380,203$3,284,938
8$6,048,688$2,202,087$399,213$3,447,388
9$6,351,123$2,313,988$419,174$3,617,961
10$6,668,679$2,431,483$440,133$3,797,063
11$7,002,113$2,554,854$462,139$3,985,119
12$7,352,219$2,684,393$485,246$4,182,579
13$7,719,829$2,820,409$509,509$4,389,912
14$8,105,821$2,963,226$534,984$4,607,611
15$8,511,112$3,113,184$561,733$4,836,195
16$8,936,668$3,270,639$589,820$5,076,208
17$9,383,501$3,435,968$619,311$5,328,222
18$9,852,676$3,609,562$650,277$5,592,837
19$10,345,310$3,791,837$682,790$5,870,682
20$10,862,575$3,983,225$716,930$6,162,420
21$11,405,704$4,184,183$752,776$6,468,745
22$11,975,989$4,395,188$790,415$6,790,386
23$12,574,789$4,616,744$829,936$7,128,109
24$13,203,528$4,849,378$871,433$7,482,717
25$13,863,704$5,093,643$915,004$7,855,057
26$14,556,890$5,350,121$960,755$8,246,014
27$15,284,734$5,619,424$1,008,792$8,656,518
28$16,048,971$5,902,191$1,059,232$9,087,547
29$16,851,419$6,199,097$1,112,194$9,540,128
30$17,693,990$6,510,849$1,167,803$10,015,338
Total$285,600,001$104,594,167$18,849,597$162,156,234

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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.