Powerball after taxes in Delaware
Delaware's treatment of lottery prizes could not be fully confirmed against an official source (Sources conflict. Some secondary sites claim Delaware exempts lottery prizes, but the official Delaware Lottery FAQ says winning tickets are subject to Delaware income tax, and Tax Foundation lists Delaware among states with zero withholding. The treatment used here: residents taxed, no withholding. Nonresidents: 30 Del. C. s.1124 lists pari-mutuel winnings but not lottery winnings as Delaware-source income, and one source says nonresidents are not taxed, so this is set to false (medium-low confidence). The 6.6% top rate is from a 2026 secondary source (2.2%-6.6%). The top-bracket threshold (believed to be $60,000) was not confirmed.). The figures below use the best-supported rule and may change.
Powerball jackpot $360 million, winner living in Delaware. Cash option $153.6 million.
You keep about
$86.7 million in cash, single filer
Eighty-six million six hundred eighty thousand four hundred and 00/100 dollars
Jackpot data as of Sep 24, 2026, for the Saturday, Sep 26 drawing.
| Item | Amount | Share of jackpot |
|---|---|---|
| Advertised jackpotSum of 30 annuity payments | $360,000,000 | |
| Cash optionOfficial cash value | $153,600,000 | |
| Federal tax withheld at claim24% of the prize | −$36,864,000 | |
| Federal tax still owed at filingTop bracket is 37% | −$19,918,000 | |
| Delaware state tax6.6% of the prize | −$10,137,600 | |
| You keep24.1% of the advertised jackpot | $86,680,400 |
The Delaware Lottery says all winning Delaware Lottery tickets are subject to Delaware income tax (top rate 6.6%), but it does not withhold state tax at claim. It withholds only 24% federal tax on prizes over $5,000, so Delaware residents should plan to pay the state tax when they file.
Lump sum or annuity in Delaware
| Cash option | Annuity (30 payments) | |
|---|---|---|
| Before tax | $153,600,000 | $360,000,000 |
| Total tax | −$66,919,600 | −$155,460,008 |
| You keep | $86,680,400 | $204,539,993 |
| In today's dollarsannuity discounted at 3% a year | $86,680,400 | $123,862,442 |
| When you get it | All at once | $3.1 million now, then yearly up to $12.6 million |
The annuity keeps $117.9 million more after tax in total but pays it over 29 years; the cash would need to earn 5.48% a year after tax to fund the same payments. How to think about the choice.
The 30 annuity payments
30 payments from $3.1 million to $12.6 million after tax
| Payment | Year | Before tax | Federal | State | After tax |
|---|---|---|---|---|---|
| 1 | 2026 | $5,418,517 | −$1,954,851 | −$357,622 | $3,106,043 |
| 2 | 2027 | $5,689,442 | −$2,055,094 | −$375,503 | $3,258,845 |
| 3 | 2028 | $5,973,915 | −$2,160,349 | −$394,278 | $3,419,288 |
| 4 | 2029 | $6,272,610 | −$2,270,866 | −$413,992 | $3,587,752 |
| 5 | 2030 | $6,586,241 | −$2,386,909 | −$434,692 | $3,764,640 |
| 6 | 2031 | $6,915,553 | −$2,508,755 | −$456,426 | $3,950,372 |
| 7 | 2032 | $7,261,331 | −$2,636,693 | −$479,248 | $4,145,390 |
| 8 | 2033 | $7,624,397 | −$2,771,027 | −$503,210 | $4,350,160 |
| 9 | 2034 | $8,005,617 | −$2,912,078 | −$528,371 | $4,565,168 |
| 10 | 2035 | $8,405,898 | −$3,060,182 | −$554,789 | $4,790,926 |
| 11 | 2036 | $8,826,193 | −$3,215,692 | −$582,529 | $5,027,972 |
| 12 | 2037 | $9,267,502 | −$3,378,976 | −$611,655 | $5,276,871 |
| 13 | 2038 | $9,730,877 | −$3,550,425 | −$642,238 | $5,538,215 |
| 14 | 2039 | $10,217,421 | −$3,730,446 | −$674,350 | $5,812,625 |
| 15 | 2040 | $10,728,292 | −$3,919,468 | −$708,067 | $6,100,757 |
| 16 | 2041 | $11,264,707 | −$4,117,942 | −$743,471 | $6,403,294 |
| 17 | 2042 | $11,827,942 | −$4,326,339 | −$780,644 | $6,720,959 |
| 18 | 2043 | $12,419,339 | −$4,545,156 | −$819,676 | $7,054,507 |
| 19 | 2044 | $13,040,306 | −$4,774,914 | −$860,660 | $7,404,733 |
| 20 | 2045 | $13,692,322 | −$5,016,159 | −$903,693 | $7,772,469 |
| 21 | 2046 | $14,376,938 | −$5,269,467 | −$948,878 | $8,158,593 |
| 22 | 2047 | $15,095,785 | −$5,535,441 | −$996,322 | $8,564,022 |
| 23 | 2048 | $15,850,574 | −$5,814,713 | −$1,046,138 | $8,989,723 |
| 24 | 2049 | $16,643,103 | −$6,107,948 | −$1,098,445 | $9,436,710 |
| 25 | 2050 | $17,475,258 | −$6,415,846 | −$1,153,367 | $9,906,045 |
| 26 | 2051 | $18,349,021 | −$6,739,138 | −$1,211,035 | $10,398,847 |
| 27 | 2052 | $19,266,472 | −$7,078,595 | −$1,271,587 | $10,916,290 |
| 28 | 2053 | $20,229,795 | −$7,435,024 | −$1,335,166 | $11,459,604 |
| 29 | 2054 | $21,241,285 | −$7,809,276 | −$1,401,925 | $12,030,084 |
| 30 | 2055 | $22,303,349 | −$8,202,239 | −$1,472,021 | $12,629,089 |
| Total | $360,000,000 | −$131,700,008 | −$23,760,000 | $204,539,993 | |
Full-page version with every state: Powerball annuity schedule for Delaware.
How Delaware compares
Delaware ranks 40th of 51 for what a single winner keeps from this jackpot in cash ($86.7 million).
| State | State tax | Cash kept |
|---|---|---|
| Delaware | 6.6% | $86.7 million |
| Maryland | 6.5% | $86.8 million |
| New Jersey | 10.75% | $80.3 million |
| Pennsylvania | 3.07% | $92.1 million |
All 50 states and DC for this jackpot
Best states to win the lottery
Questions
How much is a $360 million Powerball jackpot after taxes in Delaware?
About $86.7 million if you take the cash option ($153.6 million before taxes), or about $204.5 million in total over 30 annual payments if you take the annuity. Delaware taxes the prize at 6.6%.
How much tax is taken out of lottery winnings in Delaware?
At claim the lottery withholds 24% for federal tax on prizes over $5,000. We could not confirm Delaware's withholding rate at claim; the full state tax is due by the time you file. On a jackpot this size the final federal bill is closer to 37% of the prize because most of it falls in the 37% bracket, so about $19.9 million more is owed when you file.
What is the Delaware tax rate on lottery winnings?
6.6%. Delaware taxes lottery prizes as income; a jackpot is taxed almost entirely at the top rate of 6.6%, which is about $10.1 million on the cash option.
Is it better to take the lump sum or annuity in Delaware?
The annuity pays about $117.9 million more after taxes in total, spread over 29 years. The cash option comes out ahead only if you can earn more than 5.5% a year after tax on it. Many winners take the cash; the annuity protects against spending it too fast.
Which states do not tax lottery winnings?
Alaska, California, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming do not tax lottery prizes (California only exempts prizes from tickets bought there). Among the 50 states and DC, Delaware ranks 40th of 51 for what you keep from this jackpot.
These figures describe the taxes on a prize that has already been won; they are not a reason to buy a ticket. Jackpot odds are hundreds of millions to one. If gambling is causing problems for you or someone close to you, call or text 1-800-GAMBLER (National Problem Gambling Helpline, 24/7).
Sources for this page
- Powerball official site (current jackpot and cash value) (checked Sep 24, 2026)
- Report of the official jackpot estimate used here (checked Sep 26, 2026)
- IRS: 2026 inflation adjustments (Rev. Proc. 2025-32) (checked Sep 26, 2026)
- IRS Publication 505: withholding on gambling winnings (checked Sep 26, 2026)
- Delaware: Delaware Lottery - FAQs (checked Sep 26, 2026)
- Delaware: Delaware Lottery - Claim Prizes (checked Sep 26, 2026)
- Delaware: Tax Foundation - Lottery Tax Rates Vary Greatly By State (checked Sep 26, 2026)
- $1.817 billion Powerball jackpot won in Arkansas (powerball.com) (checked Sep 26, 2026)
- Powerball FAQs (checked Sep 26, 2026)
Figures are estimates for planning, not tax or legal advice. How they are calculated: methodology. Read the disclaimer.