Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 11, 2026 is estimated to be $457 Million, with a cash option of 205 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 Jul 11, 2026

Draw Date	Jackpot	Cash Option
Sat Jul 11, 2026	$457,000,000	$205,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$205,000,000
Federal Tax(24%)	$49,200,000
Additional Federal Tax	$26,610,330
State Tax(0%)	$0
Net Lumpsum Payment	$129,189,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,878,307	-$2,505,304 -$0	$4,373,003
2	$7,222,428	-$2,632,629 -$0	$4,589,799
3	$7,583,458	-$2,766,210 -$0	$4,817,248
4	$7,962,768	-$2,906,555 -$0	$5,056,213
5	$8,360,815	-$3,053,832 -$0	$5,306,983
6	$8,778,970	-$3,208,549 -$0	$5,570,421
7	$9,217,690	-$3,370,876 -$0	$5,846,814
8	$9,678,803	-$3,541,487 -$0	$6,137,316
9	$10,162,766	-$3,720,554 -$0	$6,442,212
10	$10,670,950	-$3,908,582 -$0	$6,762,368
11	$11,204,269	-$4,105,910 -$0	$7,098,359
12	$11,764,551	-$4,313,214 -$0	$7,451,337
13	$12,352,710	-$4,530,833 -$0	$7,821,877
14	$12,970,574	-$4,759,443 -$0	$8,211,131
15	$13,619,057	-$4,999,381 -$0	$8,619,676
16	$14,299,987	-$5,251,326 -$0	$9,048,661
17	$15,014,735	-$5,515,782 -$0	$9,498,953
18	$15,765,586	-$5,793,597 -$0	$9,971,989
19	$16,553,911	-$6,085,277 -$0	$10,468,634
20	$17,381,538	-$6,391,499 -$0	$10,990,039
21	$18,250,752	-$6,713,109 -$0	$11,537,643
22	$19,163,381	-$7,050,781 -$0	$12,112,600
23	$20,121,253	-$7,405,194 -$0	$12,716,059
24	$21,127,567	-$7,777,530 -$0	$13,350,037
25	$22,183,694	-$8,168,297 -$0	$14,015,397
26	$23,293,290	-$8,578,848 -$0	$14,714,442
27	$24,457,726	-$9,009,689 -$0	$15,448,037
28	$25,680,658	-$9,462,174 -$0	$16,218,484
29	$26,964,828	-$9,937,317 -$0	$17,027,511
30	$28,312,978	-$10,436,132 -$0	$17,876,846