Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 23, 2026 is estimated to be $133 Million, with a cash option of 60.3 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 Mon Mar 23, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 23, 2026	$133,000,000	$60,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$60,300,000
Federal Tax(24%)	$14,472,000
Additional Federal Tax	$7,799,330
State Tax(0%)	$0
Net Lumpsum Payment	$38,028,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,001,783	-$700,990 -$0	$1,300,793
2	$2,101,932	-$738,045 -$0	$1,363,887
3	$2,207,002	-$776,921 -$0	$1,430,081
4	$2,317,392	-$817,765 -$0	$1,499,627
5	$2,433,235	-$860,627 -$0	$1,572,608
6	$2,554,930	-$905,654 -$0	$1,649,276
7	$2,682,610	-$952,896 -$0	$1,729,714
8	$2,816,807	-$1,002,549 -$0	$1,814,258
9	$2,957,654	-$1,054,662 -$0	$1,902,992
10	$3,105,550	-$1,109,384 -$0	$1,996,166
11	$3,260,761	-$1,166,812 -$0	$2,093,949
12	$3,423,819	-$1,227,143 -$0	$2,196,676
13	$3,594,990	-$1,290,477 -$0	$2,304,513
14	$3,774,806	-$1,357,009 -$0	$2,417,797
15	$3,963,533	-$1,426,838 -$0	$2,536,695
16	$4,161,703	-$1,500,160 -$0	$2,661,543
17	$4,369,715	-$1,577,125 -$0	$2,792,590
18	$4,588,234	-$1,657,977 -$0	$2,930,257
19	$4,817,659	-$1,742,864 -$0	$3,074,795
20	$5,058,522	-$1,831,984 -$0	$3,226,538
21	$5,311,488	-$1,925,581 -$0	$3,385,907
22	$5,577,089	-$2,023,853 -$0	$3,553,236
23	$5,855,857	-$2,126,997 -$0	$3,728,860
24	$6,148,723	-$2,235,358 -$0	$3,913,365
25	$6,456,086	-$2,349,082 -$0	$4,107,004
26	$6,779,010	-$2,468,564 -$0	$4,310,446
27	$7,117,894	-$2,593,951 -$0	$4,523,943
28	$7,473,802	-$2,725,637 -$0	$4,748,165
29	$7,847,532	-$2,863,917 -$0	$4,983,615
30	$8,239,882	-$3,009,087 -$0	$5,230,795