New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 5, 2026 is estimated to be $86 Million, with a cash option of 38.8 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 Jan 5, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 5, 2026	$86,000,000	$38,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,800,000
Federal Tax(24%)	$9,312,000
Additional Federal Tax	$5,004,330
State Tax(8.82%)	$3,422,160
Net Lumpsum Payment	$21,061,510

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,294,386	-$439,253 -$114,165	$740,968
2	$1,359,144	-$463,214 -$119,877	$776,053
3	$1,427,084	-$488,351 -$125,869	$812,864
4	$1,498,464	-$514,762 -$132,165	$851,537
5	$1,573,370	-$542,477 -$138,771	$892,122
6	$1,652,060	-$571,593 -$145,712	$934,755
7	$1,734,620	-$602,140 -$152,993	$979,487
8	$1,821,394	-$634,246 -$160,647	$1,026,501
9	$1,912,468	-$667,944 -$168,680	$1,075,844
10	$2,008,100	-$703,327 -$177,114	$1,127,659
11	$2,108,462	-$740,461 -$185,966	$1,182,035
12	$2,213,898	-$779,473 -$195,266	$1,239,159
13	$2,324,580	-$820,425 -$205,028	$1,299,127
14	$2,440,852	-$863,446 -$215,283	$1,362,123
15	$2,562,886	-$908,598 -$226,047	$1,428,241
16	$2,691,026	-$956,010 -$237,348	$1,497,668
17	$2,825,530	-$1,005,776 -$249,212	$1,570,542
18	$2,966,828	-$1,058,057 -$261,674	$1,647,097
19	$3,115,178	-$1,112,946 -$274,759	$1,727,473
20	$3,270,924	-$1,170,572 -$288,495	$1,811,857
21	$3,434,496	-$1,231,094 -$302,923	$1,900,479
22	$3,606,238	-$1,294,638 -$318,070	$1,993,530
23	$3,786,494	-$1,361,333 -$333,969	$2,091,192
24	$3,975,866	-$1,431,401 -$350,671	$2,193,794
25	$4,174,612	-$1,504,937 -$368,201	$2,301,474
26	$4,383,420	-$1,582,196 -$386,618	$2,414,606
27	$4,602,548	-$1,663,273 -$405,945	$2,533,330
28	$4,832,684	-$1,748,423 -$426,243	$2,658,018
29	$5,074,344	-$1,837,838 -$447,557	$2,788,949
30	$5,328,044	-$1,931,707 -$469,933	$2,926,404