USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Nov 9, 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 $13,700,000 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:Sat, Nov 9, 1996
Jackpot:$13,700,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$244,272$54,623$16,122$173,527
2$254,043$57,750$16,767$179,527
3$264,205$61,241$17,438$185,526
4$274,773$64,940$18,135$191,698
5$285,764$68,787$18,860$198,117
6$297,195$72,787$19,615$204,792
7$309,082$76,948$20,399$211,735
8$321,446$81,275$21,215$218,955
9$334,304$85,776$22,064$226,464
10$347,676$90,456$22,947$234,273
11$361,583$95,323$23,864$242,395
12$376,046$100,385$24,819$250,842
13$391,088$105,650$25,812$259,626
14$406,731$111,125$26,844$268,762
15$423,001$116,819$27,918$278,263
16$439,921$122,742$29,035$288,144
17$457,518$128,900$30,196$298,421
18$475,818$135,306$31,404$309,109
19$494,851$141,967$32,660$320,224
20$514,645$148,895$33,967$331,783
21$535,231$156,100$35,325$343,806
22$556,640$163,593$36,738$356,309
23$578,906$171,386$38,208$369,312
24$602,062$179,491$39,736$382,835
25$626,144$187,920$41,326$396,899
26$651,190$196,898$42,979$411,314
27$677,238$206,535$44,698$426,005
28$704,327$216,558$46,486$441,283
29$732,500$226,982$48,345$457,173
30$761,800$237,823$50,279$473,698
Total$13,700,000$3,864,981$904,201$8,930,817

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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.