New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 25, 2026 is estimated to be $600 Million, with a cash option of 266.4 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 25, 2026

Draw Date	Jackpot	Cash Option
Sat Jul 25, 2026	$600,000,000	$266,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$266,400,000
Federal Tax(24%)	$63,936,000
Additional Federal Tax	$34,592,330
State Tax(8.82%)	$23,496,480
Net Lumpsum Payment	$144,375,190

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$796,499	$4,932,449
2	$9,482,400	-$3,468,818 -$836,348	$5,177,234
3	$9,956,400	-$3,644,198 -$878,154	$5,434,048
4	$10,454,400	-$3,828,458 -$922,078	$5,703,864
5	$10,977,000	-$4,021,820 -$968,171	$5,987,009
6	$11,526,000	-$4,224,950 -$1,016,593	$6,284,457
7	$12,102,000	-$4,438,070 -$1,067,396	$6,596,534
8	$12,707,400	-$4,662,068 -$1,120,793	$6,924,539
9	$13,342,800	-$4,897,166 -$1,176,835	$7,268,799
10	$14,010,000	-$5,144,030 -$1,235,682	$7,630,288
11	$14,710,200	-$5,403,104 -$1,297,440	$8,009,656
12	$15,445,800	-$5,675,276 -$1,362,320	$8,408,204
13	$16,218,000	-$5,960,990 -$1,430,428	$8,826,582
14	$17,029,200	-$6,261,134 -$1,501,975	$9,266,091
15	$17,880,600	-$6,576,152 -$1,577,069	$9,727,379
16	$18,774,600	-$6,906,932 -$1,655,920	$10,211,748
17	$19,713,000	-$7,254,140 -$1,738,687	$10,720,173
18	$20,698,800	-$7,618,886 -$1,825,634	$11,254,280
19	$21,733,800	-$8,001,836 -$1,916,921	$11,815,043
20	$22,820,400	-$8,403,878 -$2,012,759	$12,403,763
21	$23,961,600	-$8,826,122 -$2,113,413	$13,022,065
22	$25,159,800	-$9,269,456 -$2,219,094	$13,671,250
23	$26,417,400	-$9,734,768 -$2,330,015	$14,352,617
24	$27,738,600	-$10,223,612 -$2,446,545	$15,068,443
25	$29,125,200	-$10,736,654 -$2,568,843	$15,819,703
26	$30,582,000	-$11,275,670 -$2,697,332	$16,608,998
27	$32,110,800	-$11,841,326 -$2,832,173	$17,437,301
28	$33,716,400	-$12,435,398 -$2,973,786	$18,307,216
29	$35,402,400	-$13,059,218 -$3,122,492	$19,220,690
30	$37,172,400	-$13,714,118 -$3,278,606	$20,179,676