USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jul 25, 2001

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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 $45,900,000 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, Jul 25, 2001
Jackpot:$45,900,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$818,402$258,766$54,015$505,621
2$851,138$270,878$56,175$524,084
3$885,183$283,475$58,422$543,286
4$920,590$296,576$60,759$563,256
5$957,414$310,200$63,189$584,024
6$995,711$324,370$65,717$605,624
7$1,035,539$339,107$68,346$628,087
8$1,076,961$354,433$71,079$651,449
9$1,120,039$370,372$73,923$675,745
10$1,164,841$386,948$76,879$701,013
11$1,211,434$404,188$79,955$727,292
12$1,259,892$422,117$83,153$754,622
13$1,310,287$440,764$86,479$783,045
14$1,362,699$460,156$89,938$812,605
15$1,417,207$480,324$93,536$843,347
16$1,473,895$501,298$97,277$875,320
17$1,532,851$523,112$101,168$908,571
18$1,594,165$545,798$105,215$943,152
19$1,657,931$569,392$109,423$979,116
20$1,724,249$593,929$113,800$1,016,519
21$1,793,219$619,448$118,352$1,055,418
22$1,864,947$645,988$123,087$1,095,873
23$1,939,545$673,589$128,010$1,137,946
24$2,017,127$702,294$133,130$1,181,702
25$2,097,812$732,148$138,456$1,227,209
26$2,181,725$763,195$143,994$1,274,535
27$2,268,994$795,485$149,754$1,323,755
28$2,359,753$829,066$155,744$1,374,944
29$2,454,143$863,990$161,973$1,428,180
30$2,552,309$900,312$168,452$1,483,545
Total$45,900,000$15,661,718$3,029,400$27,208,885

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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.