USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 27, 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 $9,400,000 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, Nov 27, 1996
Jackpot:$9,400,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$167,603$32,823$11,062$123,718
2$174,307$34,432$11,504$128,371
3$181,279$36,105$11,964$133,210
4$188,531$37,845$12,443$138,242
5$196,072$39,655$12,941$143,476
6$203,915$41,709$13,458$148,748
7$212,071$44,319$13,997$153,756
8$220,554$47,033$14,557$158,964
9$229,376$49,856$15,139$164,381
10$238,551$52,792$15,744$170,014
11$248,093$55,846$16,374$175,873
12$258,017$59,075$17,029$181,913
13$268,338$62,687$17,710$187,940
14$279,071$66,444$18,419$194,208
15$290,234$70,351$19,155$200,727
16$301,843$74,414$19,922$207,507
17$313,917$78,640$20,719$214,558
18$326,474$83,035$21,547$221,891
19$339,533$87,606$22,409$229,518
20$353,114$92,359$23,306$237,449
21$367,239$97,303$24,238$245,698
22$381,928$102,444$25,207$254,277
23$397,205$107,791$26,216$263,199
24$413,094$113,352$27,264$272,477
25$429,617$119,135$28,355$282,127
26$446,802$125,150$29,489$292,163
27$464,674$131,405$30,668$302,600
28$483,261$137,911$31,895$313,455
29$502,591$144,676$33,171$324,744
30$522,695$151,713$34,498$336,485
Total$9,400,000$2,377,906$620,400$6,401,689

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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.