Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Sat Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(0%)	$0
Net Lumpsum Payment	$152,940,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$0	$4,922,967
2	$8,139,060	-$2,971,783 -$0	$5,167,277
3	$8,545,910	-$3,122,317 -$0	$5,423,593
4	$8,973,360	-$3,280,474 -$0	$5,692,886
5	$9,421,925	-$3,446,443 -$0	$5,975,482
6	$9,893,150	-$3,620,796 -$0	$6,272,354
7	$10,387,550	-$3,803,724 -$0	$6,583,826
8	$10,907,185	-$3,995,989 -$0	$6,911,196
9	$11,452,570	-$4,197,781 -$0	$7,254,789
10	$12,025,250	-$4,409,673 -$0	$7,615,577
11	$12,626,255	-$4,632,045 -$0	$7,994,210
12	$13,257,645	-$4,865,659 -$0	$8,391,986
13	$13,920,450	-$5,110,897 -$0	$8,809,553
14	$14,616,730	-$5,368,520 -$0	$9,248,210
15	$15,347,515	-$5,638,911 -$0	$9,708,604
16	$16,114,865	-$5,922,830 -$0	$10,192,035
17	$16,920,325	-$6,220,851 -$0	$10,699,474
18	$17,766,470	-$6,533,924 -$0	$11,232,546
19	$18,654,845	-$6,862,623 -$0	$11,792,222
20	$19,587,510	-$7,207,709 -$0	$12,379,801
21	$20,567,040	-$7,570,135 -$0	$12,996,905
22	$21,595,495	-$7,950,664 -$0	$13,644,831
23	$22,674,935	-$8,350,056 -$0	$14,324,879
24	$23,808,965	-$8,769,647 -$0	$15,039,318
25	$24,999,130	-$9,210,008 -$0	$15,789,122
26	$26,249,550	-$9,672,664 -$0	$16,576,886
27	$27,561,770	-$10,158,185 -$0	$17,403,585
28	$28,939,910	-$10,668,097 -$0	$18,271,813
29	$30,387,060	-$11,203,543 -$0	$19,183,517
30	$31,906,310	-$11,765,665 -$0	$20,140,645