The jackpot for the Powerball draw on Wed Apr 23, 2025, is projected to be $151 Million, with an option for a cash payout of $69.3 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 Wed Apr 23, 2025 |
|---|
| Draw Date | Wed Apr 23, 2025 | | Projected Jackpot | $151,000,000 | | Cash Value | $69,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $69,300,000 | | Federal Tax(24%) | $16,632,000 | | Additional Federal Tax | $8,969,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $43,698,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,272,701 |
$801,230
$0 |
$1,471,471 |
| 2 |
$2,386,404 |
$843,300
$0 |
$1,543,104 |
| 3 |
$2,505,694 |
$887,437
$0 |
$1,618,257 |
| 4 |
$2,631,024 |
$933,809
$0 |
$1,697,215 |
| 5 |
$2,762,545 |
$982,472
$0 |
$1,780,073 |
| 6 |
$2,900,710 |
$1,033,593
$0 |
$1,867,117 |
| 7 |
$3,045,670 |
$1,087,228
$0 |
$1,958,442 |
| 8 |
$3,198,029 |
$1,143,601
$0 |
$2,054,428 |
| 9 |
$3,357,938 |
$1,202,767
$0 |
$2,155,171 |
| 10 |
$3,525,850 |
$1,264,895
$0 |
$2,260,955 |
| 11 |
$3,702,067 |
$1,330,095
$0 |
$2,371,972 |
| 12 |
$3,887,193 |
$1,398,592
$0 |
$2,488,601 |
| 13 |
$4,081,530 |
$1,470,496
$0 |
$2,611,034 |
| 14 |
$4,285,682 |
$1,546,033
$0 |
$2,739,649 |
| 15 |
$4,499,951 |
$1,625,312
$0 |
$2,874,639 |
| 16 |
$4,724,941 |
$1,708,559
$0 |
$3,016,382 |
| 17 |
$4,961,105 |
$1,795,939
$0 |
$3,165,166 |
| 18 |
$5,209,198 |
$1,887,734
$0 |
$3,321,464 |
| 19 |
$5,469,673 |
$1,984,109
$0 |
$3,485,564 |
| 20 |
$5,743,134 |
$2,085,290
$0 |
$3,657,844 |
| 21 |
$6,030,336 |
$2,191,555
$0 |
$3,838,781 |
| 22 |
$6,331,883 |
$2,303,127
$0 |
$4,028,756 |
| 23 |
$6,648,379 |
$2,420,231
$0 |
$4,228,148 |
| 24 |
$6,980,881 |
$2,543,256
$0 |
$4,437,625 |
| 25 |
$7,329,842 |
$2,672,372
$0 |
$4,657,470 |
| 26 |
$7,696,470 |
$2,808,024
$0 |
$4,888,446 |
| 27 |
$8,081,218 |
$2,950,381
$0 |
$5,130,837 |
| 28 |
$8,485,294 |
$3,099,889
$0 |
$5,385,405 |
| 29 |
$8,909,604 |
$3,256,884
$0 |
$5,652,720 |
| 30 |
$9,355,054 |
$3,421,700
$0 |
$5,933,354 |
|
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