New Hampshire Lottery

NHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Dec 21, 2024 is estimated to be $88 Million, with a cash option of 41 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 Dec 21, 2024

Draw Date	Jackpot	Cash Option
Sat Dec 21, 2024	$88,000,000	$41,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$41,000,000
Federal Tax(24%)	$9,840,000
Additional Federal Tax	$5,290,330
State Tax(0%)	$0
Net Lumpsum Payment	$25,869,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,324,488	-$450,391 -$0	$874,097
2	$1,390,752	-$474,909 -$0	$915,843
3	$1,460,272	-$500,631 -$0	$959,641
4	$1,533,312	-$527,656 -$0	$1,005,656
5	$1,609,960	-$556,016 -$0	$1,053,944
6	$1,690,480	-$585,808 -$0	$1,104,672
7	$1,774,960	-$617,066 -$0	$1,157,894
8	$1,863,752	-$649,919 -$0	$1,213,833
9	$1,956,944	-$684,400 -$0	$1,272,544
10	$2,054,800	-$720,606 -$0	$1,334,194
11	$2,157,496	-$758,604 -$0	$1,398,892
12	$2,265,384	-$798,522 -$0	$1,466,862
13	$2,378,640	-$840,427 -$0	$1,538,213
14	$2,497,616	-$884,448 -$0	$1,613,168
15	$2,622,488	-$930,651 -$0	$1,691,837
16	$2,753,608	-$979,165 -$0	$1,774,443
17	$2,891,240	-$1,030,089 -$0	$1,861,151
18	$3,035,824	-$1,083,585 -$0	$1,952,239
19	$3,187,624	-$1,139,751 -$0	$2,047,873
20	$3,346,992	-$1,198,717 -$0	$2,148,275
21	$3,514,368	-$1,260,647 -$0	$2,253,721
22	$3,690,104	-$1,325,669 -$0	$2,364,435
23	$3,874,552	-$1,393,915 -$0	$2,480,637
24	$4,068,328	-$1,465,612 -$0	$2,602,716
25	$4,271,696	-$1,540,858 -$0	$2,730,838
26	$4,485,360	-$1,619,914 -$0	$2,865,446
27	$4,709,584	-$1,702,876 -$0	$3,006,708
28	$4,945,072	-$1,790,007 -$0	$3,155,065
29	$5,192,352	-$1,881,501 -$0	$3,310,851
30	$5,451,952	-$1,977,553 -$0	$3,474,399