USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Aug 3, 1994

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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 $2,300,000 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 3, 1994
Jackpot:$2,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$41,009$4,673$2,707$33,630
2$42,650$4,870$2,815$34,965
3$44,356$5,075$2,927$36,353
4$46,130$5,288$3,045$37,798
5$47,975$5,509$3,166$39,300
6$49,894$5,739$3,293$40,862
7$51,890$6,128$3,425$42,337
8$53,965$6,584$3,562$43,819
9$56,124$7,059$3,704$45,361
10$58,369$7,553$3,852$46,963
11$60,704$8,067$4,006$48,630
12$63,132$8,601$4,167$50,364
13$65,657$9,157$4,333$52,167
14$68,283$9,734$4,507$54,042
15$71,015$10,335$4,687$55,993
16$73,855$10,960$4,874$58,021
17$76,810$11,610$5,069$60,130
18$79,882$12,286$5,272$62,324
19$83,077$12,989$5,483$64,605
20$86,400$13,720$5,702$66,978
21$89,856$14,480$5,931$69,445
22$93,451$15,271$6,168$72,012
23$97,189$16,093$6,414$74,681
24$101,076$16,949$6,671$77,456
25$105,119$17,838$6,938$80,343
26$109,324$18,836$7,215$83,273
27$113,697$19,885$7,504$86,308
28$118,245$20,977$7,804$89,464
29$122,975$22,112$8,116$92,746
30$127,893$23,292$8,441$96,160
Total$2,300,000$351,670$151,798$1,796,530

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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.