The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Tue Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $117,093,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$0 |
$3,832,522 |
| 2 |
$6,321,600 |
$2,299,322
$0 |
$4,022,278 |
| 3 |
$6,637,600 |
$2,416,242
$0 |
$4,221,358 |
| 4 |
$6,969,600 |
$2,539,082
$0 |
$4,430,518 |
| 5 |
$7,318,000 |
$2,667,990
$0 |
$4,650,010 |
| 6 |
$7,684,000 |
$2,803,410
$0 |
$4,880,590 |
| 7 |
$8,068,000 |
$2,945,490
$0 |
$5,122,510 |
| 8 |
$8,471,600 |
$3,094,822
$0 |
$5,376,778 |
| 9 |
$8,895,200 |
$3,251,554
$0 |
$5,643,646 |
| 10 |
$9,340,000 |
$3,416,130
$0 |
$5,923,870 |
| 11 |
$9,806,800 |
$3,588,846
$0 |
$6,217,954 |
| 12 |
$10,297,200 |
$3,770,294
$0 |
$6,526,906 |
| 13 |
$10,812,000 |
$3,960,770
$0 |
$6,851,230 |
| 14 |
$11,352,800 |
$4,160,866
$0 |
$7,191,934 |
| 15 |
$11,920,400 |
$4,370,878
$0 |
$7,549,522 |
| 16 |
$12,516,400 |
$4,591,398
$0 |
$7,925,002 |
| 17 |
$13,142,000 |
$4,822,870
$0 |
$8,319,130 |
| 18 |
$13,799,200 |
$5,066,034
$0 |
$8,733,166 |
| 19 |
$14,489,200 |
$5,321,334
$0 |
$9,167,866 |
| 20 |
$15,213,600 |
$5,589,362
$0 |
$9,624,238 |
| 21 |
$15,974,400 |
$5,870,858
$0 |
$10,103,542 |
| 22 |
$16,773,200 |
$6,166,414
$0 |
$10,606,786 |
| 23 |
$17,611,600 |
$6,476,622
$0 |
$11,134,978 |
| 24 |
$18,492,400 |
$6,802,518
$0 |
$11,689,882 |
| 25 |
$19,416,800 |
$7,144,546
$0 |
$12,272,254 |
| 26 |
$20,388,000 |
$7,503,890
$0 |
$12,884,110 |
| 27 |
$21,407,200 |
$7,880,994
$0 |
$13,526,206 |
| 28 |
$22,477,600 |
$8,277,042
$0 |
$14,200,558 |
| 29 |
$23,601,600 |
$8,692,922
$0 |
$14,908,678 |
| 30 |
$24,781,600 |
$9,129,522
$0 |
$15,652,078 |
|
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