The jackpot for the Powerball draw on Mon Aug 4, 2025, is projected to be $426 Million, with an option for a cash payout of $193.5 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 Aug 4, 2025 |
|---|
| Draw Date | Mon Aug 4, 2025 | | Projected Jackpot | $426,000,000 | | Cash Value | $193,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $193,500,000 | | Federal Tax(24%) | $46,440,000 | | Additional Federal Tax | $25,115,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $121,944,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,411,726 |
$2,332,669
$0 |
$4,079,057 |
| 2 |
$6,732,504 |
$2,451,357
$0 |
$4,281,147 |
| 3 |
$7,069,044 |
$2,575,877
$0 |
$4,493,167 |
| 4 |
$7,422,624 |
$2,706,701
$0 |
$4,715,923 |
| 5 |
$7,793,670 |
$2,843,988
$0 |
$4,949,682 |
| 6 |
$8,183,460 |
$2,988,211
$0 |
$5,195,249 |
| 7 |
$8,592,420 |
$3,139,526
$0 |
$5,452,894 |
| 8 |
$9,022,254 |
$3,298,564
$0 |
$5,723,690 |
| 9 |
$9,473,388 |
$3,465,484
$0 |
$6,007,904 |
| 10 |
$9,947,100 |
$3,640,757
$0 |
$6,306,343 |
| 11 |
$10,444,242 |
$3,824,700
$0 |
$6,619,542 |
| 12 |
$10,966,518 |
$4,017,942
$0 |
$6,948,576 |
| 13 |
$11,514,780 |
$4,220,799
$0 |
$7,293,981 |
| 14 |
$12,090,732 |
$4,433,901
$0 |
$7,656,831 |
| 15 |
$12,695,226 |
$4,657,564
$0 |
$8,037,662 |
| 16 |
$13,329,966 |
$4,892,418
$0 |
$8,437,548 |
| 17 |
$13,996,230 |
$5,138,935
$0 |
$8,857,295 |
| 18 |
$14,696,148 |
$5,397,905
$0 |
$9,298,243 |
| 19 |
$15,430,998 |
$5,669,800
$0 |
$9,761,198 |
| 20 |
$16,202,484 |
$5,955,249
$0 |
$10,247,235 |
| 21 |
$17,012,736 |
$6,255,043
$0 |
$10,757,693 |
| 22 |
$17,863,458 |
$6,569,810
$0 |
$11,293,648 |
| 23 |
$18,756,354 |
$6,900,181
$0 |
$11,856,173 |
| 24 |
$19,694,406 |
$7,247,261
$0 |
$12,447,145 |
| 25 |
$20,678,892 |
$7,611,520
$0 |
$13,067,372 |
| 26 |
$21,713,220 |
$7,994,222
$0 |
$13,718,998 |
| 27 |
$22,798,668 |
$8,395,838
$0 |
$14,402,830 |
| 28 |
$23,938,644 |
$8,817,629
$0 |
$15,121,015 |
| 29 |
$25,135,704 |
$9,260,541
$0 |
$15,875,163 |
| 30 |
$26,392,404 |
$9,725,520
$0 |
$16,666,884 |
|
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