New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 19, 2025 is estimated to be $288 Million, with a cash option of 130.6 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. Additionally, if you are a resident of New York, your state will take 8.82% of 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 York Powerball Jackpot/Cash Option for Sat Jul 19, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 19, 2025	$288,000,000	$130,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$130,600,000
Federal Tax(24%)	$31,344,000
Additional Federal Tax	$16,938,330
State Tax(8.82%)	$11,518,920
Net Lumpsum Payment	$70,798,750

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,334,688	-$1,564,165 -$382,319	$2,388,204
2	$4,551,552	-$1,644,405 -$401,447	$2,505,700
3	$4,779,072	-$1,728,587 -$421,514	$2,628,971
4	$5,018,112	-$1,817,032 -$442,597	$2,758,483
5	$5,268,960	-$1,909,846 -$464,722	$2,894,392
6	$5,532,480	-$2,007,348 -$487,965	$3,037,167
7	$5,808,960	-$2,109,646 -$512,350	$3,186,964
8	$6,099,552	-$2,217,165 -$537,980	$3,344,407
9	$6,404,544	-$2,330,012 -$564,881	$3,509,651
10	$6,724,800	-$2,448,506 -$593,127	$3,683,167
11	$7,060,896	-$2,572,862 -$622,771	$3,865,263
12	$7,413,984	-$2,703,504 -$653,913	$4,056,567
13	$7,784,640	-$2,840,647 -$686,605	$4,257,388
14	$8,174,016	-$2,984,716 -$720,948	$4,468,352
15	$8,582,688	-$3,135,925 -$756,993	$4,689,770
16	$9,011,808	-$3,294,699 -$794,841	$4,922,268
17	$9,462,240	-$3,461,359 -$834,570	$5,166,311
18	$9,935,424	-$3,636,437 -$876,304	$5,422,683
19	$10,432,224	-$3,820,253 -$920,122	$5,691,849
20	$10,953,792	-$4,013,233 -$966,124	$5,974,435
21	$11,501,568	-$4,215,911 -$1,014,438	$6,271,219
22	$12,076,704	-$4,428,711 -$1,065,165	$6,582,828
23	$12,680,352	-$4,652,061 -$1,118,407	$6,909,884
24	$13,314,528	-$4,886,706 -$1,174,341	$7,253,481
25	$13,980,096	-$5,132,966 -$1,233,044	$7,614,086
26	$14,679,360	-$5,391,694 -$1,294,720	$7,992,946
27	$15,413,184	-$5,663,208 -$1,359,443	$8,390,533
28	$16,183,872	-$5,948,363 -$1,427,418	$8,808,091
29	$16,993,152	-$6,247,797 -$1,498,796	$9,246,559
30	$17,842,752	-$6,562,149 -$1,573,731	$9,706,872