Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Mon Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(0%)	$0
Net Lumpsum Payment	$185,700,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$0	$6,553,893
2	$10,857,348	-$3,977,549 -$0	$6,879,799
3	$11,400,078	-$4,178,359 -$0	$7,221,719
4	$11,970,288	-$4,389,337 -$0	$7,580,951
5	$12,568,665	-$4,610,736 -$0	$7,957,929
6	$13,197,270	-$4,843,320 -$0	$8,353,950
7	$13,856,790	-$5,087,343 -$0	$8,769,447
8	$14,549,973	-$5,343,820 -$0	$9,206,153
9	$15,277,506	-$5,613,008 -$0	$9,664,498
10	$16,041,450	-$5,895,667 -$0	$10,145,783
11	$16,843,179	-$6,192,307 -$0	$10,650,872
12	$17,685,441	-$6,503,944 -$0	$11,181,497
13	$18,569,610	-$6,831,086 -$0	$11,738,524
14	$19,498,434	-$7,174,751 -$0	$12,323,683
15	$20,473,287	-$7,535,447 -$0	$12,937,840
16	$21,496,917	-$7,914,190 -$0	$13,582,727
17	$22,571,385	-$8,311,743 -$0	$14,259,642
18	$23,700,126	-$8,729,377 -$0	$14,970,749
19	$24,885,201	-$9,167,855 -$0	$15,717,346
20	$26,129,358	-$9,628,193 -$0	$16,501,165
21	$27,436,032	-$10,111,662 -$0	$17,324,370
22	$28,807,971	-$10,619,280 -$0	$18,188,691
23	$30,247,923	-$11,152,062 -$0	$19,095,861
24	$31,760,697	-$11,711,788 -$0	$20,048,909
25	$33,348,354	-$12,299,221 -$0	$21,049,133
26	$35,016,390	-$12,916,395 -$0	$22,099,995
27	$36,766,866	-$13,564,071 -$0	$23,202,795
28	$38,605,278	-$14,244,283 -$0	$24,360,995
29	$40,535,748	-$14,958,557 -$0	$25,577,191
30	$42,562,398	-$15,708,418 -$0	$26,853,980