USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jan 31, 1996

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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 $9,300,000 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 31, 1996
Jackpot:$9,300,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,820$32,395$10,944$122,481
2$172,453$33,987$11,382$127,084
3$179,351$35,642$11,837$131,871
4$186,525$37,364$12,311$136,850
5$193,986$39,155$12,803$142,028
6$201,745$41,017$13,315$147,413
7$209,815$43,597$13,848$152,370
8$218,208$46,282$14,402$157,524
9$226,936$49,076$14,978$162,883
10$236,013$51,980$15,577$168,456
11$245,454$55,001$16,200$174,253
12$255,272$58,143$16,848$180,281
13$265,483$61,688$17,522$186,273
14$276,102$65,405$18,223$192,475
15$287,146$69,271$18,952$198,924
16$298,632$73,291$19,710$205,632
17$310,578$77,471$20,498$212,608
18$323,001$81,819$21,318$219,863
19$335,921$86,342$22,171$227,408
20$349,358$91,044$23,058$235,256
21$363,332$95,935$23,980$243,417
22$377,865$101,022$24,939$251,904
23$392,980$106,312$25,937$260,731
24$408,699$111,814$26,974$269,911
25$425,047$117,536$28,053$279,458
26$442,049$123,486$29,175$289,387
27$459,731$129,675$30,342$299,713
28$478,120$136,111$31,556$310,453
29$497,245$142,805$32,818$321,622
30$517,135$149,766$34,131$333,237
Total$9,300,000$2,344,432$613,802$6,341,766

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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.