Jackpot Analysis Delaware Mega Millions

Jackpot Analysis for Delaware Mega Millions
The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in Delaware, the bright side is you won't have to pay any state taxes on your lottery prize.

Delaware MEGA Millions Jackpot/Cash Option for Fri Oct 24, 2025
Draw DateFri Oct 24, 2025
Projected Jackpot$680,000,000
Cash Value$318,200,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$318,200,000
Federal Tax(24%)$76,368,000
Additional Federal Tax$41,326,330
State Tax(0%)$0
Net Lumpsum Payment$200,505,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $10,234,680 $3,747,162
$0
$6,487,518
2 $10,746,720 $3,936,617
$0
$6,810,103
3 $11,283,920 $4,135,381
$0
$7,148,539
4 $11,848,320 $4,344,209
$0
$7,504,111
5 $12,440,600 $4,563,352
$0
$7,877,248
6 $13,062,800 $4,793,566
$0
$8,269,234
7 $13,715,600 $5,035,102
$0
$8,680,498
8 $14,401,720 $5,288,967
$0
$9,112,753
9 $15,121,840 $5,555,411
$0
$9,566,429
10 $15,878,000 $5,835,190
$0
$10,042,810
11 $16,671,560 $6,128,808
$0
$10,542,752
12 $17,505,240 $6,437,269
$0
$11,067,971
13 $18,380,400 $6,761,078
$0
$11,619,322
14 $19,299,760 $7,101,242
$0
$12,198,518
15 $20,264,680 $7,458,262
$0
$12,806,418
16 $21,277,880 $7,833,146
$0
$13,444,734
17 $22,341,400 $8,226,648
$0
$14,114,752
18 $23,458,640 $8,640,027
$0
$14,818,613
19 $24,631,640 $9,074,037
$0
$15,557,603
20 $25,863,120 $9,529,685
$0
$16,333,435
21 $27,156,480 $10,008,228
$0
$17,148,252
22 $28,514,440 $10,510,673
$0
$18,003,767
23 $29,939,720 $11,038,027
$0
$18,901,693
24 $31,437,080 $11,592,050
$0
$19,845,030
25 $33,008,560 $12,173,498
$0
$20,835,062
26 $34,659,600 $12,784,382
$0
$21,875,218
27 $36,392,240 $13,425,459
$0
$22,966,781
28 $38,211,920 $14,098,741
$0
$24,113,179
29 $40,122,720 $14,805,737
$0
$25,316,983
30 $42,128,720 $15,547,957
$0
$26,580,763