Delaware Lottery

DELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 29, 2025 is estimated to be $70 Million, with a cash option of 31.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Delaware, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Delaware MEGA Millions Jackpot/Cash Option for Tue Apr 29, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 29, 2025	$70,000,000	$31,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$31,800,000
Federal Tax(24%)	$7,632,000
Additional Federal Tax	$4,094,330
State Tax(0%)	$0
Net Lumpsum Payment	$20,073,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,053,570	-$350,151 -$0	$703,419
2	$1,106,280	-$369,654 -$0	$736,626
3	$1,161,580	-$390,115 -$0	$771,465
4	$1,219,680	-$411,612 -$0	$808,068
5	$1,280,650	-$434,171 -$0	$846,479
6	$1,344,700	-$457,869 -$0	$886,831
7	$1,411,900	-$482,733 -$0	$929,167
8	$1,482,530	-$508,866 -$0	$973,664
9	$1,556,660	-$536,295 -$0	$1,020,365
10	$1,634,500	-$565,095 -$0	$1,069,405
11	$1,716,190	-$595,321 -$0	$1,120,869
12	$1,802,010	-$627,074 -$0	$1,174,936
13	$1,892,100	-$660,407 -$0	$1,231,693
14	$1,986,740	-$695,424 -$0	$1,291,316
15	$2,086,070	-$732,176 -$0	$1,353,894
16	$2,190,370	-$770,767 -$0	$1,419,603
17	$2,299,850	-$811,275 -$0	$1,488,575
18	$2,414,860	-$853,829 -$0	$1,561,031
19	$2,535,610	-$898,506 -$0	$1,637,104
20	$2,662,380	-$945,411 -$0	$1,716,969
21	$2,795,520	-$994,673 -$0	$1,800,847
22	$2,935,310	-$1,046,395 -$0	$1,888,915
23	$3,082,030	-$1,100,681 -$0	$1,981,349
24	$3,236,170	-$1,157,713 -$0	$2,078,457
25	$3,397,940	-$1,217,568 -$0	$2,180,372
26	$3,567,900	-$1,280,453 -$0	$2,287,447
27	$3,746,260	-$1,346,447 -$0	$2,399,813
28	$3,933,580	-$1,415,755 -$0	$2,517,825
29	$4,130,280	-$1,488,534 -$0	$2,641,746
30	$4,336,780	-$1,564,939 -$0	$2,771,841