USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Oct 14, 1992

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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 $38,500,000 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, Oct 14, 1992
Jackpot:$38,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$686,459$209,947$45,306$431,206
2$713,917$220,107$47,119$446,692
3$742,474$230,673$49,003$462,798
4$772,173$241,661$50,963$479,548
5$803,060$253,089$53,002$496,968
6$835,182$264,975$55,122$515,085
7$868,589$277,335$57,327$533,927
8$903,333$290,190$59,620$553,523
9$939,466$303,560$62,005$573,902
10$977,045$317,464$64,485$595,096
11$1,016,127$331,924$67,064$617,138
12$1,056,772$346,963$69,747$640,062
13$1,099,043$362,603$72,537$663,903
14$1,143,004$378,869$75,438$688,697
15$1,188,725$395,785$78,456$714,483
16$1,236,274$413,378$81,594$741,301
17$1,285,724$431,675$84,858$769,191
18$1,337,153$450,704$88,252$798,197
19$1,390,640$470,494$91,782$828,363
20$1,446,265$491,075$95,454$859,736
21$1,504,116$512,480$99,272$892,364
22$1,564,280$534,741$103,243$926,297
23$1,626,852$557,892$107,372$961,587
24$1,691,926$581,970$111,667$998,289
25$1,759,603$607,010$116,134$1,036,459
26$1,829,987$633,052$120,779$1,076,155
27$1,903,186$660,136$125,610$1,117,440
28$1,979,314$688,303$130,635$1,160,376
29$2,058,486$717,597$135,860$1,205,029
30$2,140,826$748,063$141,295$1,251,468
Total$38,500,000$12,923,715$2,541,001$23,035,280

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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.