Jackpot Analysis Delaware Powerball

Jackpot Analysis for Delaware Powerball
The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Sat Aug 9, 2025
Draw DateSat Aug 9, 2025
Projected Jackpot$482,000,000
Cash Value$218,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$218,900,000
Federal Tax(24%)$52,536,000
Additional Federal Tax$28,417,330
State Tax(0%)$0
Net Lumpsum Payment$137,946,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,254,582 $2,644,526
$0
$4,610,056
2 $7,617,528 $2,778,816
$0
$4,838,712
3 $7,998,308 $2,919,704
$0
$5,078,604
4 $8,398,368 $3,067,727
$0
$5,330,641
5 $8,818,190 $3,223,061
$0
$5,595,129
6 $9,259,220 $3,386,242
$0
$5,872,978
7 $9,721,940 $3,557,448
$0
$6,164,492
8 $10,208,278 $3,737,393
$0
$6,470,885
9 $10,718,716 $3,926,255
$0
$6,792,461
10 $11,254,700 $4,124,569
$0
$7,130,131
11 $11,817,194 $4,332,692
$0
$7,484,502
12 $12,408,126 $4,551,337
$0
$7,856,789
13 $13,028,460 $4,780,861
$0
$8,247,599
14 $13,680,124 $5,021,976
$0
$8,658,148
15 $14,364,082 $5,275,041
$0
$9,089,041
16 $15,082,262 $5,540,767
$0
$9,541,495
17 $15,836,110 $5,819,691
$0
$10,016,419
18 $16,628,036 $6,112,704
$0
$10,515,332
19 $17,459,486 $6,420,340
$0
$11,039,146
20 $18,332,388 $6,743,314
$0
$11,589,074
21 $19,249,152 $7,082,517
$0
$12,166,635
22 $20,211,706 $7,438,662
$0
$12,773,044
23 $21,221,978 $7,812,462
$0
$13,409,516
24 $22,283,342 $8,205,167
$0
$14,078,175
25 $23,397,244 $8,617,311
$0
$14,779,933
26 $24,567,540 $9,050,320
$0
$15,517,220
27 $25,795,676 $9,504,731
$0
$16,290,945
28 $27,085,508 $9,981,968
$0
$17,103,540
29 $28,439,928 $10,483,104
$0
$17,956,824
30 $29,861,828 $11,009,207
$0
$18,852,621