New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 22, 2025 is estimated to be $320 Million, with a cash option of 152.2 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 Wed Oct 22, 2025

Draw Date Jackpot Cash Option
Wed Oct 22, 2025$320,000,000$152,200,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$152,200,000
Federal Tax(24%)$36,528,000
Additional Federal Tax$19,746,330
State Tax(8.82%)$13,424,040
Net Lumpsum Payment$82,501,630

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $4,816,320 -$1,742,369
-$424,799
$2,649,152
2 $5,057,280 -$1,831,524
-$446,052
$2,779,704
3 $5,310,080 -$1,925,060
-$468,349
$2,916,671
4 $5,575,680 -$2,023,332
-$491,775
$3,060,573
5 $5,854,400 -$2,126,458
-$516,358
$3,211,584
6 $6,147,200 -$2,234,794
-$542,183
$3,370,223
7 $6,454,400 -$2,348,458
-$569,278
$3,536,664
8 $6,777,280 -$2,467,924
-$597,756
$3,711,600
9 $7,116,160 -$2,593,310
-$627,645
$3,895,205
10 $7,472,000 -$2,724,970
-$659,030
$4,088,000
11 $7,845,440 -$2,863,143
-$691,968
$4,290,329
12 $8,237,760 -$3,008,302
-$726,570
$4,502,888
13 $8,649,600 -$3,160,682
-$762,895
$4,726,023
14 $9,082,240 -$3,320,759
-$801,054
$4,960,427
15 $9,536,320 -$3,488,769
-$841,103
$5,206,448
16 $10,013,120 -$3,665,185
-$883,157
$5,464,778
17 $10,513,600 -$3,850,362
-$927,300
$5,735,938
18 $11,039,360 -$4,044,894
-$973,672
$6,020,794
19 $11,591,360 -$4,249,134
-$1,022,358
$6,319,868
20 $12,170,880 -$4,463,556
-$1,073,472
$6,633,852
21 $12,779,520 -$4,688,753
-$1,127,154
$6,963,613
22 $13,418,560 -$4,925,198
-$1,183,517
$7,309,845
23 $14,089,280 -$5,173,364
-$1,242,674
$7,673,242
24 $14,793,920 -$5,434,081
-$1,304,824
$8,055,015
25 $15,533,440 -$5,707,703
-$1,370,049
$8,455,688
26 $16,310,400 -$5,995,178
-$1,438,577
$8,876,645
27 $17,125,760 -$6,296,862
-$1,510,492
$9,318,406
28 $17,982,080 -$6,613,700
-$1,586,019
$9,782,361
29 $18,881,280 -$6,946,404
-$1,665,329
$10,269,547
30 $19,825,280 -$7,295,684
-$1,748,590
$10,781,006
3
2
0
Cash Option: $152.2 Million
Next Draw: Wed Oct 22
Powerball
Mon Oct 20, 2025
323866676919

New York Lottery | Select a State Lottery