Jackpot Analysis Delaware Powerball

Jackpot Analysis for Delaware Powerball
The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 2, 2025
Draw DateSat Aug 2, 2025
Projected Jackpot$410,000,000
Cash Value$184,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$184,900,000
Federal Tax(24%)$44,376,000
Additional Federal Tax$23,997,330
State Tax(0%)$0
Net Lumpsum Payment$116,526,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $6,170,910 $2,243,567
$0
$3,927,343
2 $6,479,640 $2,357,797
$0
$4,121,843
3 $6,803,540 $2,477,640
$0
$4,325,900
4 $7,143,840 $2,603,551
$0
$4,540,289
5 $7,500,950 $2,735,682
$0
$4,765,268
6 $7,876,100 $2,874,487
$0
$5,001,613
7 $8,269,700 $3,020,119
$0
$5,249,581
8 $8,683,390 $3,173,185
$0
$5,510,205
9 $9,117,580 $3,333,835
$0
$5,783,745
10 $9,573,500 $3,502,525
$0
$6,070,975
11 $10,051,970 $3,679,559
$0
$6,372,411
12 $10,554,630 $3,865,543
$0
$6,689,087
13 $11,082,300 $4,060,781
$0
$7,021,519
14 $11,636,620 $4,265,880
$0
$7,370,740
15 $12,218,410 $4,481,142
$0
$7,737,268
16 $12,829,310 $4,707,175
$0
$8,122,135
17 $13,470,550 $4,944,434
$0
$8,526,116
18 $14,144,180 $5,193,677
$0
$8,950,503
19 $14,851,430 $5,455,359
$0
$9,396,071
20 $15,593,940 $5,730,088
$0
$9,863,852
21 $16,373,760 $6,018,622
$0
$10,355,138
22 $17,192,530 $6,321,566
$0
$10,870,964
23 $18,051,890 $6,639,530
$0
$11,412,360
24 $18,954,710 $6,973,573
$0
$11,981,137
25 $19,902,220 $7,324,152
$0
$12,578,068
26 $20,897,700 $7,692,479
$0
$13,205,221
27 $21,942,380 $8,079,011
$0
$13,863,369
28 $23,039,540 $8,484,960
$0
$14,554,580
29 $24,191,640 $8,911,237
$0
$15,280,403
30 $25,401,140 $9,358,752
$0
$16,042,388