The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $50,250,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$0 |
$1,689,560 |
| 2 |
$2,749,896 |
$977,792
$0 |
$1,772,104 |
| 3 |
$2,887,356 |
$1,028,652
$0 |
$1,858,704 |
| 4 |
$3,031,776 |
$1,082,088
$0 |
$1,949,688 |
| 5 |
$3,183,330 |
$1,138,162
$0 |
$2,045,168 |
| 6 |
$3,342,540 |
$1,197,070
$0 |
$2,145,470 |
| 7 |
$3,509,580 |
$1,258,875
$0 |
$2,250,705 |
| 8 |
$3,685,146 |
$1,323,834
$0 |
$2,361,312 |
| 9 |
$3,869,412 |
$1,392,013
$0 |
$2,477,399 |
| 10 |
$4,062,900 |
$1,463,603
$0 |
$2,599,297 |
| 11 |
$4,265,958 |
$1,538,735
$0 |
$2,727,223 |
| 12 |
$4,479,282 |
$1,617,665
$0 |
$2,861,617 |
| 13 |
$4,703,220 |
$1,700,522
$0 |
$3,002,698 |
| 14 |
$4,938,468 |
$1,787,564
$0 |
$3,150,904 |
| 15 |
$5,185,374 |
$1,878,919
$0 |
$3,306,455 |
| 16 |
$5,444,634 |
$1,974,845
$0 |
$3,469,789 |
| 17 |
$5,716,770 |
$2,075,535
$0 |
$3,641,235 |
| 18 |
$6,002,652 |
$2,181,312
$0 |
$3,821,340 |
| 19 |
$6,302,802 |
$2,292,367
$0 |
$4,010,435 |
| 20 |
$6,617,916 |
$2,408,959
$0 |
$4,208,957 |
| 21 |
$6,948,864 |
$2,531,410
$0 |
$4,417,454 |
| 22 |
$7,296,342 |
$2,659,977
$0 |
$4,636,365 |
| 23 |
$7,661,046 |
$2,794,917
$0 |
$4,866,129 |
| 24 |
$8,044,194 |
$2,936,682
$0 |
$5,107,512 |
| 25 |
$8,446,308 |
$3,085,464
$0 |
$5,360,844 |
| 26 |
$8,868,780 |
$3,241,779
$0 |
$5,627,001 |
| 27 |
$9,312,132 |
$3,405,819
$0 |
$5,906,313 |
| 28 |
$9,777,756 |
$3,578,100
$0 |
$6,199,656 |
| 29 |
$10,266,696 |
$3,759,008
$0 |
$6,507,688 |
| 30 |
$10,779,996 |
$3,948,929
$0 |
$6,831,067 |
|
|
