New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 23, 2026 is estimated to be $133 Million, with a cash option of 60.3 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 Mon Mar 23, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 23, 2026	$133,000,000	$60,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$60,300,000
Federal Tax(24%)	$14,472,000
Additional Federal Tax	$7,799,330
State Tax(8.82%)	$5,318,460
Net Lumpsum Payment	$32,710,210

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,001,783	-$700,990 -$176,557	$1,124,236
2	$2,101,932	-$738,045 -$185,390	$1,178,497
3	$2,207,002	-$776,921 -$194,658	$1,235,423
4	$2,317,392	-$817,765 -$204,394	$1,295,233
5	$2,433,235	-$860,627 -$214,611	$1,357,997
6	$2,554,930	-$905,654 -$225,345	$1,423,931
7	$2,682,610	-$952,896 -$236,606	$1,493,108
8	$2,816,807	-$1,002,549 -$248,442	$1,565,816
9	$2,957,654	-$1,054,662 -$260,865	$1,642,127
10	$3,105,550	-$1,109,384 -$273,910	$1,722,256
11	$3,260,761	-$1,166,812 -$287,599	$1,806,350
12	$3,423,819	-$1,227,143 -$301,981	$1,894,695
13	$3,594,990	-$1,290,477 -$317,078	$1,987,435
14	$3,774,806	-$1,357,009 -$332,938	$2,084,859
15	$3,963,533	-$1,426,838 -$349,584	$2,187,111
16	$4,161,703	-$1,500,160 -$367,062	$2,294,481
17	$4,369,715	-$1,577,125 -$385,409	$2,407,181
18	$4,588,234	-$1,657,977 -$404,682	$2,525,575
19	$4,817,659	-$1,742,864 -$424,918	$2,649,877
20	$5,058,522	-$1,831,984 -$446,162	$2,780,376
21	$5,311,488	-$1,925,581 -$468,473	$2,917,434
22	$5,577,089	-$2,023,853 -$491,899	$3,061,337
23	$5,855,857	-$2,126,997 -$516,487	$3,212,373
24	$6,148,723	-$2,235,358 -$542,317	$3,371,048
25	$6,456,086	-$2,349,082 -$569,427	$3,537,577
26	$6,779,010	-$2,468,564 -$597,909	$3,712,537
27	$7,117,894	-$2,593,951 -$627,798	$3,896,145
28	$7,473,802	-$2,725,637 -$659,189	$4,088,976
29	$7,847,532	-$2,863,917 -$692,152	$4,291,463
30	$8,239,882	-$3,009,087 -$726,758	$4,504,037