New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 5, 2026 is estimated to be $173 Million, with a cash option of 75 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 Sep 5, 2026

Draw Date	Jackpot	Cash Option
Sat Sep 5, 2026	$173,000,000	$75,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,000,000
Federal Tax(24%)	$18,000,000
Additional Federal Tax	$9,710,330
State Tax(8.82%)	$6,615,000
Net Lumpsum Payment	$40,674,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,603,823	-$923,745 -$229,657	$1,450,421
2	$2,734,092	-$971,944 -$241,147	$1,521,001
3	$2,870,762	-$1,022,512 -$253,201	$1,595,049
4	$3,014,352	-$1,075,641 -$265,866	$1,672,845
5	$3,165,035	-$1,131,393 -$279,156	$1,754,486
6	$3,323,330	-$1,189,962 -$293,118	$1,840,250
7	$3,489,410	-$1,251,412 -$307,766	$1,930,232
8	$3,663,967	-$1,315,998 -$323,162	$2,024,807
9	$3,847,174	-$1,383,785 -$339,321	$2,124,068
10	$4,039,550	-$1,454,964 -$356,288	$2,228,298
11	$4,241,441	-$1,529,664 -$374,095	$2,337,682
12	$4,453,539	-$1,608,140 -$392,802	$2,452,597
13	$4,676,190	-$1,690,521 -$412,440	$2,573,229
14	$4,910,086	-$1,777,062 -$433,070	$2,699,954
15	$5,155,573	-$1,867,892 -$454,722	$2,832,959
16	$5,413,343	-$1,963,267 -$477,457	$2,972,619
17	$5,683,915	-$2,063,379 -$501,321	$3,119,215
18	$5,968,154	-$2,168,547 -$526,391	$3,273,216
19	$6,266,579	-$2,278,965 -$552,712	$3,434,902
20	$6,579,882	-$2,394,887 -$580,346	$3,604,649
21	$6,908,928	-$2,516,634 -$609,367	$3,782,927
22	$7,254,409	-$2,644,462 -$639,839	$3,970,108
23	$7,617,017	-$2,778,627 -$671,821	$4,166,569
24	$7,997,963	-$2,919,577 -$705,420	$4,372,966
25	$8,397,766	-$3,067,504 -$740,683	$4,589,579
26	$8,817,810	-$3,222,920 -$777,731	$4,817,159
27	$9,258,614	-$3,386,018 -$816,610	$5,055,986
28	$9,721,562	-$3,557,308 -$857,442	$5,306,812
29	$10,207,692	-$3,737,176 -$900,318	$5,570,198
30	$10,718,042	-$3,926,006 -$945,331	$5,846,705