The jackpot for the Powerball draw on Mon Jun 29, 2026, is projected to be $360 Million, with an option for a cash payout of $163.8 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 Mon Jun 29, 2026 |
|---|
| Draw Date | Mon Jun 29, 2026 | | Projected Jackpot | $360,000,000 | | Cash Value | $163,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,800,000 | | Federal Tax(24%) | $39,312,000 | | Additional Federal Tax | $21,254,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $103,233,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,418,360 |
$1,965,124
$0 |
$3,453,236 |
| 2 |
$5,689,440 |
$2,065,423
$0 |
$3,624,017 |
| 3 |
$5,973,840 |
$2,170,651
$0 |
$3,803,189 |
| 4 |
$6,272,640 |
$2,281,207
$0 |
$3,991,433 |
| 5 |
$6,586,200 |
$2,397,224
$0 |
$4,188,976 |
| 6 |
$6,915,600 |
$2,519,102
$0 |
$4,396,498 |
| 7 |
$7,261,200 |
$2,646,974
$0 |
$4,614,226 |
| 8 |
$7,624,440 |
$2,781,373
$0 |
$4,843,067 |
| 9 |
$8,005,680 |
$2,922,432
$0 |
$5,083,248 |
| 10 |
$8,406,000 |
$3,070,550
$0 |
$5,335,450 |
| 11 |
$8,826,120 |
$3,225,995
$0 |
$5,600,125 |
| 12 |
$9,267,480 |
$3,389,298
$0 |
$5,878,182 |
| 13 |
$9,730,800 |
$3,560,726
$0 |
$6,170,074 |
| 14 |
$10,217,520 |
$3,740,813
$0 |
$6,476,707 |
| 15 |
$10,728,360 |
$3,929,824
$0 |
$6,798,536 |
| 16 |
$11,264,760 |
$4,128,292
$0 |
$7,136,468 |
| 17 |
$11,827,800 |
$4,336,616
$0 |
$7,491,184 |
| 18 |
$12,419,280 |
$4,555,464
$0 |
$7,863,816 |
| 19 |
$13,040,280 |
$4,785,234
$0 |
$8,255,046 |
| 20 |
$13,692,240 |
$5,026,459
$0 |
$8,665,781 |
| 21 |
$14,376,960 |
$5,279,806
$0 |
$9,097,154 |
| 22 |
$15,095,880 |
$5,545,806
$0 |
$9,550,074 |
| 23 |
$15,850,440 |
$5,824,993
$0 |
$10,025,447 |
| 24 |
$16,643,160 |
$6,118,300
$0 |
$10,524,860 |
| 25 |
$17,475,120 |
$6,426,125
$0 |
$11,048,995 |
| 26 |
$18,349,200 |
$6,749,534
$0 |
$11,599,666 |
| 27 |
$19,266,480 |
$7,088,928
$0 |
$12,177,552 |
| 28 |
$20,229,840 |
$7,445,371
$0 |
$12,784,469 |
| 29 |
$21,241,440 |
$7,819,663
$0 |
$13,421,777 |
| 30 |
$22,303,440 |
$8,212,603
$0 |
$14,090,837 |
|
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