Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 20, 2025 is estimated to be $643 Million, with a cash option of 290.6 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 Aug 20, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 20, 2025	$643,000,000	$290,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$290,600,000
Federal Tax(24%)	$69,744,000
Additional Federal Tax	$37,738,330
State Tax(0%)	$0
Net Lumpsum Payment	$183,117,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,677,793	-$3,541,114 -$0	$6,136,679
2	$10,161,972	-$3,720,260 -$0	$6,441,712
3	$10,669,942	-$3,908,209 -$0	$6,761,733
4	$11,203,632	-$4,105,674 -$0	$7,097,958
5	$11,763,685	-$4,312,894 -$0	$7,450,791
6	$12,352,030	-$4,530,581 -$0	$7,821,449
7	$12,969,310	-$4,758,975 -$0	$8,210,335
8	$13,618,097	-$4,999,026 -$0	$8,619,071
9	$14,299,034	-$5,250,973 -$0	$9,048,061
10	$15,014,050	-$5,515,529 -$0	$9,498,521
11	$15,764,431	-$5,793,170 -$0	$9,971,261
12	$16,552,749	-$6,084,848 -$0	$10,467,901
13	$17,380,290	-$6,391,038 -$0	$10,989,252
14	$18,249,626	-$6,712,692 -$0	$11,536,934
15	$19,162,043	-$7,050,286 -$0	$12,111,757
16	$20,120,113	-$7,404,772 -$0	$12,715,341
17	$21,125,765	-$7,776,863 -$0	$13,348,902
18	$22,182,214	-$8,167,750 -$0	$14,014,464
19	$23,291,389	-$8,578,144 -$0	$14,713,245
20	$24,455,862	-$9,008,999 -$0	$15,446,863
21	$25,678,848	-$9,461,504 -$0	$16,217,344
22	$26,962,919	-$9,936,610 -$0	$17,026,309
23	$28,310,647	-$10,435,270 -$0	$17,875,377
24	$29,726,533	-$10,959,148 -$0	$18,767,385
25	$31,212,506	-$11,508,958 -$0	$19,703,548
26	$32,773,710	-$12,086,603 -$0	$20,687,107
27	$34,412,074	-$12,692,798 -$0	$21,719,276
28	$36,132,742	-$13,329,445 -$0	$22,803,297
29	$37,939,572	-$13,997,972 -$0	$23,941,600
30	$39,836,422	-$14,699,807 -$0	$25,136,615