Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(0%)	$0
Net Lumpsum Payment	$48,612,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$0	$1,632,667
2	$2,655,072	-$942,707 -$0	$1,712,365
3	$2,787,792	-$991,813 -$0	$1,795,979
4	$2,927,232	-$1,043,406 -$0	$1,883,826
5	$3,073,560	-$1,097,548 -$0	$1,976,012
6	$3,227,280	-$1,154,424 -$0	$2,072,856
7	$3,388,560	-$1,214,098 -$0	$2,174,462
8	$3,558,072	-$1,276,817 -$0	$2,281,255
9	$3,735,984	-$1,342,644 -$0	$2,393,340
10	$3,922,800	-$1,411,766 -$0	$2,511,034
11	$4,118,856	-$1,484,307 -$0	$2,634,549
12	$4,324,824	-$1,560,515 -$0	$2,764,309
13	$4,541,040	-$1,640,515 -$0	$2,900,525
14	$4,768,176	-$1,724,556 -$0	$3,043,620
15	$5,006,568	-$1,812,761 -$0	$3,193,807
16	$5,256,888	-$1,905,379 -$0	$3,351,509
17	$5,519,640	-$2,002,597 -$0	$3,517,043
18	$5,795,664	-$2,104,726 -$0	$3,690,938
19	$6,085,464	-$2,211,952 -$0	$3,873,512
20	$6,389,712	-$2,324,524 -$0	$4,065,188
21	$6,709,248	-$2,442,752 -$0	$4,266,496
22	$7,044,744	-$2,566,886 -$0	$4,477,858
23	$7,396,872	-$2,697,173 -$0	$4,699,699
24	$7,766,808	-$2,834,049 -$0	$4,932,759
25	$8,155,056	-$2,977,701 -$0	$5,177,355
26	$8,562,960	-$3,128,626 -$0	$5,434,334
27	$8,991,024	-$3,287,009 -$0	$5,704,015
28	$9,440,592	-$3,453,349 -$0	$5,987,243
29	$9,912,672	-$3,628,019 -$0	$6,284,653
30	$10,408,272	-$3,811,391 -$0	$6,596,881