Jackpot Analysis Delaware Powerball

Jackpot Analysis for Delaware Powerball
The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Jun 25, 2025
Draw DateWed Jun 25, 2025
Projected Jackpot$140,000,000
Cash Value$63,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$63,000,000
Federal Tax(24%)$15,120,000
Additional Federal Tax$8,150,330
State Tax(0%)$0
Net Lumpsum Payment$39,729,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,107,140 $739,972
$0
$1,367,168
2 $2,212,560 $778,978
$0
$1,433,582
3 $2,323,160 $819,900
$0
$1,503,260
4 $2,439,360 $862,894
$0
$1,576,466
5 $2,561,300 $908,011
$0
$1,653,289
6 $2,689,400 $955,408
$0
$1,733,992
7 $2,823,800 $1,005,136
$0
$1,818,664
8 $2,965,060 $1,057,403
$0
$1,907,657
9 $3,113,320 $1,112,259
$0
$2,001,061
10 $3,269,000 $1,169,860
$0
$2,099,140
11 $3,432,380 $1,230,311
$0
$2,202,069
12 $3,604,020 $1,293,818
$0
$2,310,202
13 $3,784,200 $1,360,484
$0
$2,423,716
14 $3,973,480 $1,430,518
$0
$2,542,962
15 $4,172,140 $1,504,022
$0
$2,668,118
16 $4,380,740 $1,581,204
$0
$2,799,536
17 $4,599,700 $1,662,219
$0
$2,937,481
18 $4,829,720 $1,747,327
$0
$3,082,393
19 $5,071,220 $1,836,682
$0
$3,234,538
20 $5,324,760 $1,930,492
$0
$3,394,268
21 $5,591,040 $2,029,015
$0
$3,562,025
22 $5,870,620 $2,132,460
$0
$3,738,160
23 $6,164,060 $2,241,033
$0
$3,923,027
24 $6,472,340 $2,355,096
$0
$4,117,244
25 $6,795,880 $2,474,806
$0
$4,321,074
26 $7,135,800 $2,600,576
$0
$4,535,224
27 $7,492,520 $2,732,563
$0
$4,759,957
28 $7,867,160 $2,871,180
$0
$4,995,980
29 $8,260,560 $3,016,738
$0
$5,243,822
30 $8,673,560 $3,169,548
$0
$5,504,012