The jackpot for the Powerball draw on Wed Oct 22, 2025, is projected to be $320 Million, with an option for a cash payout of $152.2 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 Wed Oct 22, 2025 |
|---|
| Draw Date | Wed Oct 22, 2025 | | Projected Jackpot | $320,000,000 | | Cash Value | $152,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $152,200,000 | | Federal Tax(24%) | $36,528,000 | | Additional Federal Tax | $19,746,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $95,925,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,816,320 |
$1,742,369
$0 |
$3,073,951 |
| 2 |
$5,057,280 |
$1,831,524
$0 |
$3,225,756 |
| 3 |
$5,310,080 |
$1,925,060
$0 |
$3,385,020 |
| 4 |
$5,575,680 |
$2,023,332
$0 |
$3,552,348 |
| 5 |
$5,854,400 |
$2,126,458
$0 |
$3,727,942 |
| 6 |
$6,147,200 |
$2,234,794
$0 |
$3,912,406 |
| 7 |
$6,454,400 |
$2,348,458
$0 |
$4,105,942 |
| 8 |
$6,777,280 |
$2,467,924
$0 |
$4,309,356 |
| 9 |
$7,116,160 |
$2,593,310
$0 |
$4,522,850 |
| 10 |
$7,472,000 |
$2,724,970
$0 |
$4,747,030 |
| 11 |
$7,845,440 |
$2,863,143
$0 |
$4,982,297 |
| 12 |
$8,237,760 |
$3,008,302
$0 |
$5,229,458 |
| 13 |
$8,649,600 |
$3,160,682
$0 |
$5,488,918 |
| 14 |
$9,082,240 |
$3,320,759
$0 |
$5,761,481 |
| 15 |
$9,536,320 |
$3,488,769
$0 |
$6,047,551 |
| 16 |
$10,013,120 |
$3,665,185
$0 |
$6,347,935 |
| 17 |
$10,513,600 |
$3,850,362
$0 |
$6,663,238 |
| 18 |
$11,039,360 |
$4,044,894
$0 |
$6,994,466 |
| 19 |
$11,591,360 |
$4,249,134
$0 |
$7,342,226 |
| 20 |
$12,170,880 |
$4,463,556
$0 |
$7,707,324 |
| 21 |
$12,779,520 |
$4,688,753
$0 |
$8,090,767 |
| 22 |
$13,418,560 |
$4,925,198
$0 |
$8,493,362 |
| 23 |
$14,089,280 |
$5,173,364
$0 |
$8,915,916 |
| 24 |
$14,793,920 |
$5,434,081
$0 |
$9,359,839 |
| 25 |
$15,533,440 |
$5,707,703
$0 |
$9,825,737 |
| 26 |
$16,310,400 |
$5,995,178
$0 |
$10,315,222 |
| 27 |
$17,125,760 |
$6,296,862
$0 |
$10,828,898 |
| 28 |
$17,982,080 |
$6,613,700
$0 |
$11,368,380 |
| 29 |
$18,881,280 |
$6,946,404
$0 |
$11,934,876 |
| 30 |
$19,825,280 |
$7,295,684
$0 |
$12,529,596 |
|
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