New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 13, 2025 is estimated to be $526 Million, with a cash option of 241 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 Aug 13, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 13, 2025	$526,000,000	$241,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$241,000,000
Federal Tax(24%)	$57,840,000
Additional Federal Tax	$31,290,330
State Tax(8.82%)	$21,256,200
Net Lumpsum Payment	$130,613,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,916,826	-$2,889,556 -$698,264	$4,329,006
2	$8,312,904	-$3,036,105 -$733,198	$4,543,601
3	$8,728,444	-$3,189,855 -$769,849	$4,768,740
4	$9,165,024	-$3,351,389 -$808,355	$5,005,280
5	$9,623,170	-$3,520,903 -$848,764	$5,253,503
6	$10,104,460	-$3,698,981 -$891,213	$5,514,266
7	$10,609,420	-$3,885,816 -$935,751	$5,787,853
8	$11,140,154	-$4,082,187 -$982,562	$6,075,405
9	$11,697,188	-$4,288,290 -$1,031,692	$6,377,206
10	$12,282,100	-$4,504,707 -$1,083,281	$6,694,112
11	$12,895,942	-$4,731,829 -$1,137,422	$7,026,691
12	$13,540,818	-$4,970,433 -$1,194,300	$7,376,085
13	$14,217,780	-$5,220,909 -$1,254,008	$7,742,863
14	$14,928,932	-$5,484,035 -$1,316,732	$8,128,165
15	$15,675,326	-$5,760,201 -$1,382,564	$8,532,561
16	$16,459,066	-$6,050,185 -$1,451,690	$8,957,191
17	$17,281,730	-$6,354,570 -$1,524,249	$9,402,911
18	$18,145,948	-$6,674,331 -$1,600,473	$9,871,144
19	$19,053,298	-$7,010,051 -$1,680,501	$10,362,746
20	$20,005,884	-$7,362,507 -$1,764,519	$10,878,858
21	$21,006,336	-$7,732,675 -$1,852,759	$11,420,902
22	$22,056,758	-$8,121,331 -$1,945,406	$11,990,021
23	$23,159,254	-$8,529,254 -$2,042,646	$12,587,354
24	$24,317,506	-$8,957,808 -$2,144,804	$13,214,894
25	$25,533,092	-$9,407,574 -$2,252,019	$13,873,499
26	$26,810,220	-$9,880,112 -$2,364,661	$14,565,447
27	$28,150,468	-$10,376,004 -$2,482,871	$15,291,593
28	$29,558,044	-$10,896,807 -$2,607,019	$16,054,218
29	$31,036,104	-$11,443,689 -$2,737,384	$16,855,031
30	$32,587,804	-$12,017,818 -$2,874,244	$17,695,742