New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Dec 13, 2025 is estimated to be $1.00 Billion, with a cash option of 461.3 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. 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 Dec 13, 2025

Draw Date	Jackpot	Cash Option
Sat Dec 13, 2025	$1,000,000,000	$461,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$461,300,000
Federal Tax(24%)	$110,712,000
Additional Federal Tax	$59,929,330
State Tax(8.82%)	$40,686,660
Net Lumpsum Payment	$249,972,010

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$15,051,000	-$5,529,200 -$1,327,498	$8,194,302
2	$15,804,000	-$5,807,810 -$1,393,913	$8,602,277
3	$16,594,000	-$6,100,110 -$1,463,591	$9,030,299
4	$17,424,000	-$6,407,210 -$1,536,797	$9,479,993
5	$18,295,000	-$6,729,480 -$1,613,619	$9,951,901
6	$19,210,000	-$7,068,030 -$1,694,322	$10,447,648
7	$20,170,000	-$7,423,230 -$1,778,994	$10,967,776
8	$21,179,000	-$7,796,560 -$1,867,988	$11,514,452
9	$22,238,000	-$8,188,390 -$1,961,392	$12,088,218
10	$23,350,000	-$8,599,830 -$2,059,470	$12,690,700
11	$24,517,000	-$9,031,620 -$2,162,399	$13,322,981
12	$25,743,000	-$9,485,240 -$2,270,533	$13,987,227
13	$27,030,000	-$9,961,430 -$2,384,046	$14,684,524
14	$28,382,000	-$10,461,670 -$2,503,292	$15,417,038
15	$29,801,000	-$10,986,700 -$2,628,448	$16,185,852
16	$31,291,000	-$11,538,000 -$2,759,866	$16,993,134
17	$32,855,000	-$12,116,680 -$2,897,811	$17,840,509
18	$34,498,000	-$12,724,590 -$3,042,724	$18,730,686
19	$36,223,000	-$13,362,840 -$3,194,869	$19,665,291
20	$38,034,000	-$14,032,910 -$3,354,599	$20,646,491
21	$39,936,000	-$14,736,650 -$3,522,355	$21,676,995
22	$41,933,000	-$15,475,540 -$3,698,491	$22,758,969
23	$44,029,000	-$16,251,060 -$3,883,358	$23,894,582
24	$46,231,000	-$17,065,800 -$4,077,574	$25,087,626
25	$48,542,000	-$17,920,870 -$4,281,404	$26,339,726
26	$50,970,000	-$18,819,230 -$4,495,554	$27,655,216
27	$53,518,000	-$19,761,990 -$4,720,288	$29,035,722
28	$56,194,000	-$20,752,110 -$4,956,311	$30,485,579
29	$59,004,000	-$21,791,810 -$5,204,153	$32,008,037
30	$61,954,000	-$22,883,310 -$5,464,343	$33,606,347