New Hampshire Lottery

NHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Apr 23, 2025 is estimated to be $151 Million, with a cash option of 69.3 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 Wed Apr 23, 2025

Draw Date	Jackpot	Cash Option
Wed Apr 23, 2025	$151,000,000	$69,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,300,000
Federal Tax(24%)	$16,632,000
Additional Federal Tax	$8,969,330
State Tax(0%)	$0
Net Lumpsum Payment	$43,698,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,272,701	-$801,230 -$0	$1,471,471
2	$2,386,404	-$843,300 -$0	$1,543,104
3	$2,505,694	-$887,437 -$0	$1,618,257
4	$2,631,024	-$933,809 -$0	$1,697,215
5	$2,762,545	-$982,472 -$0	$1,780,073
6	$2,900,710	-$1,033,593 -$0	$1,867,117
7	$3,045,670	-$1,087,228 -$0	$1,958,442
8	$3,198,029	-$1,143,601 -$0	$2,054,428
9	$3,357,938	-$1,202,767 -$0	$2,155,171
10	$3,525,850	-$1,264,895 -$0	$2,260,955
11	$3,702,067	-$1,330,095 -$0	$2,371,972
12	$3,887,193	-$1,398,592 -$0	$2,488,601
13	$4,081,530	-$1,470,496 -$0	$2,611,034
14	$4,285,682	-$1,546,033 -$0	$2,739,649
15	$4,499,951	-$1,625,312 -$0	$2,874,639
16	$4,724,941	-$1,708,559 -$0	$3,016,382
17	$4,961,105	-$1,795,939 -$0	$3,165,166
18	$5,209,198	-$1,887,734 -$0	$3,321,464
19	$5,469,673	-$1,984,109 -$0	$3,485,564
20	$5,743,134	-$2,085,290 -$0	$3,657,844
21	$6,030,336	-$2,191,555 -$0	$3,838,781
22	$6,331,883	-$2,303,127 -$0	$4,028,756
23	$6,648,379	-$2,420,231 -$0	$4,228,148
24	$6,980,881	-$2,543,256 -$0	$4,437,625
25	$7,329,842	-$2,672,372 -$0	$4,657,470
26	$7,696,470	-$2,808,024 -$0	$4,888,446
27	$8,081,218	-$2,950,381 -$0	$5,130,837
28	$8,485,294	-$3,099,889 -$0	$5,385,405
29	$8,909,604	-$3,256,884 -$0	$5,652,720
30	$9,355,054	-$3,421,700 -$0	$5,933,354