Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 17, 2026 is estimated to be $283 Million, with a cash option of 126.8 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 17, 2026

Draw Date	Jackpot	Cash Option
Wed Jun 17, 2026	$283,000,000	$126,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,800,000
Federal Tax(24%)	$30,432,000
Additional Federal Tax	$16,444,330
State Tax(0%)	$0
Net Lumpsum Payment	$79,923,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,259,433	-$1,536,321 -$0	$2,723,112
2	$4,472,532	-$1,615,167 -$0	$2,857,365
3	$4,696,102	-$1,697,888 -$0	$2,998,214
4	$4,930,992	-$1,784,797 -$0	$3,146,195
5	$5,177,485	-$1,876,000 -$0	$3,301,485
6	$5,436,430	-$1,971,809 -$0	$3,464,621
7	$5,708,110	-$2,072,331 -$0	$3,635,779
8	$5,993,657	-$2,177,983 -$0	$3,815,674
9	$6,293,354	-$2,288,871 -$0	$4,004,483
10	$6,608,050	-$2,405,309 -$0	$4,202,741
11	$6,938,311	-$2,527,505 -$0	$4,410,806
12	$7,285,269	-$2,655,880 -$0	$4,629,389
13	$7,649,490	-$2,790,642 -$0	$4,858,848
14	$8,032,106	-$2,932,210 -$0	$5,099,896
15	$8,433,683	-$3,080,793 -$0	$5,352,890
16	$8,855,353	-$3,236,811 -$0	$5,618,542
17	$9,297,965	-$3,400,577 -$0	$5,897,388
18	$9,762,934	-$3,572,616 -$0	$6,190,318
19	$10,251,109	-$3,753,241 -$0	$6,497,868
20	$10,763,622	-$3,942,871 -$0	$6,820,751
21	$11,301,888	-$4,142,029 -$0	$7,159,859
22	$11,867,039	-$4,351,135 -$0	$7,515,904
23	$12,460,207	-$4,570,607 -$0	$7,889,600
24	$13,083,373	-$4,801,178 -$0	$8,282,195
25	$13,737,386	-$5,043,163 -$0	$8,694,223
26	$14,424,510	-$5,297,399 -$0	$9,127,111
27	$15,145,594	-$5,564,200 -$0	$9,581,394
28	$15,902,902	-$5,844,404 -$0	$10,058,498
29	$16,698,132	-$6,138,639 -$0	$10,559,493
30	$17,532,982	-$6,447,534 -$0	$11,085,448