New Hampshire Lottery

NHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of New Hampshire, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Hampshire Powerball Jackpot/Cash Option for Sat May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(0%)	$0
Net Lumpsum Payment	$35,256,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$0	$1,205,972
2	$1,943,892	-$679,570 -$0	$1,264,322
3	$2,041,062	-$715,523 -$0	$1,325,539
4	$2,143,152	-$753,297 -$0	$1,389,855
5	$2,250,285	-$792,936 -$0	$1,457,349
6	$2,362,830	-$834,577 -$0	$1,528,253
7	$2,480,910	-$878,267 -$0	$1,602,643
8	$2,605,017	-$924,187 -$0	$1,680,830
9	$2,735,274	-$972,382 -$0	$1,762,892
10	$2,872,050	-$1,022,989 -$0	$1,849,061
11	$3,015,591	-$1,076,099 -$0	$1,939,492
12	$3,166,389	-$1,131,894 -$0	$2,034,495
13	$3,324,690	-$1,190,466 -$0	$2,134,224
14	$3,490,986	-$1,251,995 -$0	$2,238,991
15	$3,665,523	-$1,316,574 -$0	$2,348,949
16	$3,848,793	-$1,384,384 -$0	$2,464,409
17	$4,041,165	-$1,455,561 -$0	$2,585,604
18	$4,243,254	-$1,530,334 -$0	$2,712,920
19	$4,455,429	-$1,608,839 -$0	$2,846,590
20	$4,678,182	-$1,691,258 -$0	$2,986,924
21	$4,912,128	-$1,777,818 -$0	$3,134,310
22	$5,157,759	-$1,868,701 -$0	$3,289,058
23	$5,415,567	-$1,964,090 -$0	$3,451,477
24	$5,686,413	-$2,064,303 -$0	$3,622,110
25	$5,970,666	-$2,169,477 -$0	$3,801,189
26	$6,269,310	-$2,279,975 -$0	$3,989,335
27	$6,582,714	-$2,395,935 -$0	$4,186,779
28	$6,911,862	-$2,517,719 -$0	$4,394,143
29	$7,257,492	-$2,645,602 -$0	$4,611,890
30	$7,620,342	-$2,779,857 -$0	$4,840,485