USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Aug 26, 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 $7,500,000 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, Aug 26, 1992
Jackpot:$7,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$133,726$24,692$8,826$100,208
2$139,075$25,976$9,179$103,920
3$144,638$27,311$9,546$107,781
4$150,423$28,700$9,928$111,796
5$156,440$30,144$10,325$115,972
6$162,698$31,645$10,738$120,314
7$169,206$33,207$11,168$124,831
8$175,974$34,832$11,614$129,528
9$183,013$36,521$12,079$134,413
10$190,333$38,278$12,562$139,493
11$197,947$40,105$13,064$144,777
12$205,865$42,333$13,587$149,945
13$214,099$44,968$14,131$155,001
14$222,663$47,708$14,696$160,259
15$231,570$50,558$15,284$165,728
16$240,833$53,522$15,895$171,415
17$250,466$56,605$16,531$177,330
18$260,484$59,939$17,192$183,354
19$270,904$63,586$17,880$189,439
20$281,740$67,378$18,595$195,767
21$293,010$71,323$19,339$202,348
22$304,730$75,425$20,112$209,193
23$316,919$79,691$20,917$216,312
24$329,596$84,128$21,753$223,715
25$342,780$88,742$22,623$231,414
26$356,491$93,541$23,528$239,421
27$370,751$98,532$24,470$247,749
28$385,581$103,722$25,448$256,410
29$401,004$109,121$26,466$265,417
30$417,044$114,735$27,525$274,784
Total$7,500,000$1,756,968$495,001$5,248,034

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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.