Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 10, 2026 is estimated to be $124 Million, with a cash option of 56 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 Sat Jan 10, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 10, 2026	$124,000,000	$56,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$56,000,000
Federal Tax(24%)	$13,440,000
Additional Federal Tax	$7,240,330
State Tax(0%)	$0
Net Lumpsum Payment	$35,319,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,866,324	-$650,870 -$0	$1,215,454
2	$1,959,696	-$685,418 -$0	$1,274,278
3	$2,057,656	-$721,663 -$0	$1,335,993
4	$2,160,576	-$759,744 -$0	$1,400,832
5	$2,268,580	-$799,705 -$0	$1,468,875
6	$2,382,040	-$841,685 -$0	$1,540,355
7	$2,501,080	-$885,730 -$0	$1,615,350
8	$2,626,196	-$932,023 -$0	$1,694,173
9	$2,757,512	-$980,610 -$0	$1,776,902
10	$2,895,400	-$1,031,628 -$0	$1,863,772
11	$3,040,108	-$1,085,170 -$0	$1,954,938
12	$3,192,132	-$1,141,419 -$0	$2,050,713
13	$3,351,720	-$1,200,467 -$0	$2,151,253
14	$3,519,368	-$1,262,497 -$0	$2,256,871
15	$3,695,324	-$1,327,600 -$0	$2,367,724
16	$3,880,084	-$1,395,961 -$0	$2,484,123
17	$4,074,020	-$1,467,718 -$0	$2,606,302
18	$4,277,752	-$1,543,099 -$0	$2,734,653
19	$4,491,652	-$1,622,242 -$0	$2,869,410
20	$4,716,216	-$1,705,330 -$0	$3,010,886
21	$4,952,064	-$1,792,594 -$0	$3,159,470
22	$5,199,692	-$1,884,216 -$0	$3,315,476
23	$5,459,596	-$1,980,381 -$0	$3,479,215
24	$5,732,644	-$2,081,409 -$0	$3,651,235
25	$6,019,208	-$2,187,437 -$0	$3,831,771
26	$6,320,280	-$2,298,834 -$0	$4,021,446
27	$6,636,232	-$2,415,736 -$0	$4,220,496
28	$6,968,056	-$2,538,511 -$0	$4,429,545
29	$7,316,496	-$2,667,434 -$0	$4,649,062
30	$7,682,296	-$2,802,780 -$0	$4,879,516