New Hampshire Lottery

NHLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 30, 2025 is estimated to be $950 Million, with a cash option of 428.9 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 Aug 30, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 30, 2025	$950,000,000	$428,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$428,900,000
Federal Tax(24%)	$102,936,000
Additional Federal Tax	$55,717,330
State Tax(0%)	$0
Net Lumpsum Payment	$270,246,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,298,450	-$5,250,757 -$0	$9,047,693
2	$15,013,800	-$5,515,436 -$0	$9,498,364
3	$15,764,300	-$5,793,121 -$0	$9,971,179
4	$16,552,800	-$6,084,866 -$0	$10,467,934
5	$17,380,250	-$6,391,023 -$0	$10,989,227
6	$18,249,500	-$6,712,645 -$0	$11,536,855
7	$19,161,500	-$7,050,085 -$0	$12,111,415
8	$20,120,050	-$7,404,749 -$0	$12,715,301
9	$21,126,100	-$7,776,987 -$0	$13,349,113
10	$22,182,500	-$8,167,855 -$0	$14,014,645
11	$23,291,150	-$8,578,056 -$0	$14,713,094
12	$24,455,850	-$9,008,995 -$0	$15,446,855
13	$25,678,500	-$9,461,375 -$0	$16,217,125
14	$26,962,900	-$9,936,603 -$0	$17,026,297
15	$28,310,950	-$10,435,382 -$0	$17,875,568
16	$29,726,450	-$10,959,117 -$0	$18,767,333
17	$31,212,250	-$11,508,863 -$0	$19,703,387
18	$32,773,100	-$12,086,377 -$0	$20,686,723
19	$34,411,850	-$12,692,715 -$0	$21,719,135
20	$36,132,300	-$13,329,281 -$0	$22,803,019
21	$37,939,200	-$13,997,834 -$0	$23,941,366
22	$39,836,350	-$14,699,780 -$0	$25,136,570
23	$41,827,550	-$15,436,524 -$0	$26,391,026
24	$43,919,450	-$16,210,527 -$0	$27,708,923
25	$46,114,900	-$17,022,843 -$0	$29,092,057
26	$48,421,500	-$17,876,285 -$0	$30,545,215
27	$50,842,100	-$18,771,907 -$0	$32,070,193
28	$53,384,300	-$19,712,521 -$0	$33,671,779
29	$56,053,800	-$20,700,236 -$0	$35,353,564
30	$58,856,300	-$21,737,161 -$0	$37,119,139