Jackpot Analysis Delaware Mega Millions

Jackpot Analysis for Delaware Mega Millions
The jackpot for the MEGA Millions draw on Fri Jul 25, 2025, is projected to be $120 Million, with an option for a cash payout of $52.8 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Jul 25, 2025
Draw DateFri Jul 25, 2025
Projected Jackpot$120,000,000
Cash Value$52,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$52,800,000
Federal Tax(24%)$12,672,000
Additional Federal Tax$6,824,330
State Tax(0%)$0
Net Lumpsum Payment$33,303,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,806,120 $628,595
$0
$1,177,525
2 $1,896,480 $662,028
$0
$1,234,452
3 $1,991,280 $697,104
$0
$1,294,176
4 $2,090,880 $733,956
$0
$1,356,924
5 $2,195,400 $772,628
$0
$1,422,772
6 $2,305,200 $813,254
$0
$1,491,946
7 $2,420,400 $855,878
$0
$1,564,522
8 $2,541,480 $900,678
$0
$1,640,802
9 $2,668,560 $947,698
$0
$1,720,862
10 $2,802,000 $997,070
$0
$1,804,930
11 $2,942,040 $1,048,885
$0
$1,893,155
12 $3,089,160 $1,103,320
$0
$1,985,840
13 $3,243,600 $1,160,462
$0
$2,083,138
14 $3,405,840 $1,220,491
$0
$2,185,349
15 $3,576,120 $1,283,495
$0
$2,292,625
16 $3,754,920 $1,349,651
$0
$2,405,269
17 $3,942,600 $1,419,092
$0
$2,523,508
18 $4,139,760 $1,492,042
$0
$2,647,718
19 $4,346,760 $1,568,632
$0
$2,778,128
20 $4,564,080 $1,649,040
$0
$2,915,040
21 $4,792,320 $1,733,489
$0
$3,058,831
22 $5,031,960 $1,822,156
$0
$3,209,804
23 $5,283,480 $1,915,218
$0
$3,368,262
24 $5,547,720 $2,012,987
$0
$3,534,733
25 $5,825,040 $2,115,595
$0
$3,709,445
26 $6,116,400 $2,223,398
$0
$3,893,002
27 $6,422,160 $2,336,530
$0
$4,085,630
28 $6,743,280 $2,455,344
$0
$4,287,936
29 $7,080,480 $2,580,108
$0
$4,500,372
30 $7,434,480 $2,711,088
$0
$4,723,392