Delaware Lottery

DELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 14, 2025 is estimated to be $80 Million, with a cash option of 36 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 Jun 14, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 14, 2025	$80,000,000	$36,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,000,000
Federal Tax(24%)	$8,640,000
Additional Federal Tax	$4,640,330
State Tax(0%)	$0
Net Lumpsum Payment	$22,719,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$0	$798,240
2	$1,264,320	-$428,129 -$0	$836,191
3	$1,327,520	-$451,513 -$0	$876,007
4	$1,393,920	-$476,081 -$0	$917,839
5	$1,463,600	-$501,862 -$0	$961,738
6	$1,536,800	-$528,946 -$0	$1,007,854
7	$1,613,600	-$557,362 -$0	$1,056,238
8	$1,694,320	-$587,229 -$0	$1,107,091
9	$1,779,040	-$618,575 -$0	$1,160,465
10	$1,868,000	-$651,490 -$0	$1,216,510
11	$1,961,360	-$686,034 -$0	$1,275,326
12	$2,059,440	-$722,323 -$0	$1,337,117
13	$2,162,400	-$760,418 -$0	$1,401,982
14	$2,270,560	-$800,438 -$0	$1,470,122
15	$2,384,080	-$842,440 -$0	$1,541,640
16	$2,503,280	-$886,544 -$0	$1,616,736
17	$2,628,400	-$932,838 -$0	$1,695,562
18	$2,759,840	-$981,471 -$0	$1,778,369
19	$2,897,840	-$1,032,531 -$0	$1,865,309
20	$3,042,720	-$1,086,137 -$0	$1,956,583
21	$3,194,880	-$1,142,436 -$0	$2,052,444
22	$3,354,640	-$1,201,547 -$0	$2,153,093
23	$3,522,320	-$1,263,589 -$0	$2,258,731
24	$3,698,480	-$1,328,768 -$0	$2,369,712
25	$3,883,360	-$1,397,174 -$0	$2,486,186
26	$4,077,600	-$1,469,042 -$0	$2,608,558
27	$4,281,440	-$1,544,463 -$0	$2,736,977
28	$4,495,520	-$1,623,673 -$0	$2,871,847
29	$4,720,320	-$1,706,849 -$0	$3,013,471
30	$4,956,320	-$1,794,169 -$0	$3,162,151