USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jan 18, 1995

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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 $21,300,000 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, Jan 18, 1995
Jackpot:$21,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$379,781$101,693$25,066$253,023
2$394,972$107,010$26,068$261,895
3$410,771$112,539$27,111$271,121
4$427,202$118,290$28,195$280,717
5$444,290$124,271$29,323$290,696
6$462,062$130,491$30,496$301,075
7$480,544$136,960$31,716$311,869
8$499,766$143,687$32,985$323,094
9$519,757$150,684$34,304$334,769
10$540,547$157,961$35,676$346,910
11$562,169$165,528$37,103$359,537
12$584,656$173,399$38,587$372,670
13$608,042$181,584$40,131$386,327
14$632,363$190,096$41,736$400,531
15$657,658$199,291$43,405$414,962
16$683,964$209,024$45,142$429,799
17$711,323$219,147$46,947$445,229
18$739,776$229,674$48,825$461,276
19$769,367$240,623$50,778$477,966
20$800,142$252,010$52,809$495,323
21$832,147$263,852$54,922$513,374
22$865,433$276,167$57,119$532,147
23$900,050$288,976$59,403$551,671
24$936,052$302,297$61,779$571,976
25$973,495$316,150$64,251$593,094
26$1,012,434$330,558$66,821$615,056
27$1,052,932$345,542$69,493$637,896
28$1,095,049$361,125$72,273$661,650
29$1,138,851$377,332$75,164$686,355
30$1,184,405$394,187$78,171$712,047
Total$21,300,000$6,600,148$1,405,799$13,294,055

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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.