USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for Jan 25, 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 $20,800,000 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, Jan 25, 1997
Jackpot:$20,800,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$370,866$98,572$24,477$247,817
2$385,701$103,764$25,456$256,480
3$401,129$109,164$26,474$265,490
4$417,174$114,780$27,533$274,860
5$433,861$120,621$28,635$284,605
6$451,215$126,695$29,780$294,740
7$469,264$133,012$30,971$305,281
8$488,034$139,581$32,210$316,243
9$507,556$146,414$33,499$327,643
10$527,858$153,520$34,839$339,500
11$548,972$160,910$36,232$351,831
12$570,931$168,595$37,681$364,655
13$593,769$176,588$39,189$377,992
14$617,519$184,901$40,756$391,862
15$642,220$193,579$42,387$406,255
16$667,909$203,084$44,082$420,743
17$694,625$212,969$45,845$435,811
18$722,410$223,249$47,679$451,482
19$751,307$233,941$49,586$467,780
20$781,359$245,060$51,570$484,729
21$812,613$256,624$53,632$502,357
22$845,118$268,651$55,778$520,689
23$878,922$281,159$58,009$539,755
24$914,079$294,167$60,329$559,584
25$950,643$307,695$62,742$580,205
26$988,668$321,764$65,252$601,652
27$1,028,215$336,397$67,862$623,956
28$1,069,344$351,614$70,577$647,153
29$1,112,117$367,441$73,400$671,277
30$1,156,602$383,900$76,336$696,366
Total$20,800,000$6,418,411$1,372,798$13,008,793

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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.