Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 18, 2025 is estimated to be $101 Million, with a cash option of 45.7 Million. If you win the Powerball 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 Powerball Jackpot/Cash Option for Wed Jun 18, 2025

Draw Date	Jackpot	Cash Option
Wed Jun 18, 2025	$101,000,000	$45,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,700,000
Federal Tax(24%)	$10,968,000
Additional Federal Tax	$5,901,330
State Tax(0%)	$0
Net Lumpsum Payment	$28,830,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,520,151	-$522,786 -$0	$997,365
2	$1,596,204	-$550,926 -$0	$1,045,278
3	$1,675,994	-$580,448 -$0	$1,095,546
4	$1,759,824	-$611,465 -$0	$1,148,359
5	$1,847,795	-$644,015 -$0	$1,203,780
6	$1,940,210	-$678,208 -$0	$1,262,002
7	$2,037,170	-$714,083 -$0	$1,323,087
8	$2,139,079	-$751,790 -$0	$1,387,289
9	$2,246,038	-$791,364 -$0	$1,454,674
10	$2,358,350	-$832,920 -$0	$1,525,430
11	$2,476,217	-$876,531 -$0	$1,599,686
12	$2,600,043	-$922,346 -$0	$1,677,697
13	$2,730,030	-$970,441 -$0	$1,759,589
14	$2,866,582	-$1,020,966 -$0	$1,845,616
15	$3,009,901	-$1,073,994 -$0	$1,935,907
16	$3,160,391	-$1,129,675 -$0	$2,030,716
17	$3,318,355	-$1,188,122 -$0	$2,130,233
18	$3,484,298	-$1,249,521 -$0	$2,234,777
19	$3,658,523	-$1,313,984 -$0	$2,344,539
20	$3,841,434	-$1,381,661 -$0	$2,459,773
21	$4,033,536	-$1,452,739 -$0	$2,580,797
22	$4,235,233	-$1,527,367 -$0	$2,707,866
23	$4,446,929	-$1,605,694 -$0	$2,841,235
24	$4,669,331	-$1,687,983 -$0	$2,981,348
25	$4,902,742	-$1,774,345 -$0	$3,128,397
26	$5,147,970	-$1,865,079 -$0	$3,282,891
27	$5,405,318	-$1,960,298 -$0	$3,445,020
28	$5,675,594	-$2,060,300 -$0	$3,615,294
29	$5,959,404	-$2,165,310 -$0	$3,794,094
30	$6,257,354	-$2,275,551 -$0	$3,981,803