USA Mega

Delaware Powerball Jackpot Annuity Payout Schedule for May 23, 1992

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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 $5,500,000 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, May 23, 1992
Jackpot:$5,500,000
Federal Tax:37% marginal rate
State Tax: 6.6%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$98,066$16,286$6,472$75,307
2$101,988$17,149$6,731$78,108
3$106,068$18,054$7,000$81,013
4$110,310$19,072$7,280$83,957
5$114,723$20,131$7,572$87,020
6$119,312$21,233$7,875$90,204
7$124,084$22,378$8,190$93,516
8$129,048$23,569$8,517$96,961
9$134,209$24,808$8,858$100,543
10$139,578$26,097$9,212$104,269
11$145,161$27,437$9,581$108,144
12$150,967$28,830$9,964$112,173
13$157,006$30,279$10,362$116,364
14$163,286$31,787$10,777$120,723
15$169,818$33,354$11,208$125,256
16$176,611$34,985$11,656$129,970
17$183,675$36,680$12,123$134,872
18$191,022$38,443$12,607$139,971
19$198,663$40,277$13,112$145,274
20$206,609$42,571$13,636$150,402
21$214,874$45,216$14,182$155,476
22$223,469$47,966$14,749$160,754
23$232,407$50,826$15,339$166,242
24$241,704$53,801$15,952$171,950
25$251,372$56,895$16,591$177,886
26$261,427$60,269$17,254$183,904
27$271,884$63,929$17,944$190,011
28$282,759$67,735$18,662$196,362
29$294,069$71,694$19,409$202,967
30$305,832$75,811$20,185$209,837
Total$5,500,000$1,147,562$363,000$3,989,436

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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.