USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jan 15, 1997

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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 $9,200,000 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 15, 1997
Jackpot:$9,200,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$164,037$31,967$10,826$121,244
2$170,598$33,542$11,259$125,797
3$177,422$35,179$11,710$130,533
4$184,519$36,883$12,178$135,458
5$191,900$38,654$12,665$140,581
6$199,576$40,496$13,172$145,908
7$207,559$42,875$13,699$150,985
8$215,861$45,532$14,247$156,083
9$224,496$48,295$14,817$161,384
10$233,476$51,168$15,409$166,898
11$242,815$54,157$16,026$172,632
12$252,527$57,265$16,667$178,596
13$262,628$60,689$17,333$184,606
14$273,134$64,366$18,027$190,741
15$284,059$68,190$18,748$197,121
16$295,421$72,167$19,498$203,757
17$307,238$76,303$20,278$210,658
18$319,528$80,604$21,089$217,835
19$332,309$85,077$21,932$225,299
20$345,601$89,730$22,810$233,062
21$359,425$94,568$23,722$241,135
22$373,802$99,600$24,671$249,531
23$388,754$104,833$25,658$258,263
24$404,304$110,276$26,684$267,344
25$420,476$115,936$27,751$276,789
26$437,296$121,823$28,862$286,611
27$454,787$127,945$30,016$296,827
28$472,979$134,312$31,217$307,450
29$491,898$140,934$32,465$318,499
30$511,574$147,820$33,764$329,990
Total$9,200,000$2,311,186$607,200$6,281,617

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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.