USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Aug 10, 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 $9,100,000 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, Aug 10, 1996
Jackpot:$9,100,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$162,254$31,539$10,709$120,006
2$168,744$33,097$11,137$124,510
3$175,494$34,717$11,583$129,195
4$182,514$36,401$12,046$134,066
5$189,814$38,153$12,528$139,133
6$197,407$39,976$13,029$144,402
7$205,303$42,153$13,550$149,600
8$213,515$44,781$14,092$154,642
9$222,056$47,514$14,656$159,886
10$230,938$50,356$15,242$165,340
11$240,175$53,312$15,852$171,012
12$249,782$56,386$16,486$176,910
13$259,774$59,690$17,145$182,939
14$270,165$63,327$17,831$189,007
15$280,971$67,109$18,544$195,318
16$292,210$71,043$19,286$201,881
17$303,899$75,134$20,057$208,707
18$316,054$79,388$20,860$215,807
19$328,697$83,813$21,694$223,190
20$341,844$88,415$22,562$230,868
21$355,518$93,201$23,464$238,853
22$369,739$98,178$24,403$247,158
23$384,529$103,354$25,379$255,795
24$399,910$108,738$26,394$264,778
25$415,906$114,336$27,450$274,120
26$432,542$120,159$28,548$283,835
27$449,844$126,215$29,690$293,940
28$467,838$132,512$30,877$304,448
29$486,551$139,062$32,112$315,377
30$506,013$145,874$33,397$326,743
Total$9,100,000$2,277,933$600,603$6,221,466

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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.