New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 4, 2026 is estimated to be $396 Million, with a cash option of 180.2 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 Sat Jul 4, 2026

Draw Date	Jackpot	Cash Option
Sat Jul 4, 2026	$396,000,000	$180,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$180,200,000
Federal Tax(24%)	$43,248,000
Additional Federal Tax	$23,386,330
State Tax(8.82%)	$15,893,640
Net Lumpsum Payment	$97,672,030

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,960,196	-$2,165,603 -$525,689	$3,268,904
2	$6,258,384	-$2,275,932 -$551,989	$3,430,463
3	$6,571,224	-$2,391,683 -$579,582	$3,599,959
4	$6,899,904	-$2,513,295 -$608,572	$3,778,037
5	$7,244,820	-$2,640,914 -$638,993	$3,964,913
6	$7,607,160	-$2,774,980 -$670,952	$4,161,228
7	$7,987,320	-$2,915,639 -$704,482	$4,367,199
8	$8,386,884	-$3,063,477 -$739,723	$4,583,684
9	$8,806,248	-$3,218,642 -$776,711	$4,810,895
10	$9,246,600	-$3,381,572 -$815,550	$5,049,478
11	$9,708,732	-$3,552,561 -$856,310	$5,299,861
12	$10,194,228	-$3,732,195 -$899,131	$5,562,902
13	$10,703,880	-$3,920,766 -$944,082	$5,839,032
14	$11,239,272	-$4,118,861 -$991,304	$6,129,107
15	$11,801,196	-$4,326,773 -$1,040,865	$6,433,558
16	$12,391,236	-$4,545,088 -$1,092,907	$6,753,241
17	$13,010,580	-$4,774,245 -$1,147,533	$7,088,802
18	$13,661,208	-$5,014,977 -$1,204,919	$7,441,312
19	$14,344,308	-$5,267,724 -$1,265,168	$7,811,416
20	$15,061,464	-$5,533,072 -$1,328,421	$8,199,971
21	$15,814,656	-$5,811,753 -$1,394,853	$8,608,050
22	$16,605,468	-$6,104,354 -$1,464,602	$9,036,512
23	$17,435,484	-$6,411,459 -$1,537,810	$9,486,215
24	$18,307,476	-$6,734,097 -$1,614,719	$9,958,660
25	$19,222,632	-$7,072,704 -$1,695,436	$10,454,492
26	$20,184,120	-$7,428,455 -$1,780,239	$10,975,426
27	$21,193,128	-$7,801,788 -$1,869,234	$11,522,106
28	$22,252,824	-$8,193,875 -$1,962,699	$12,096,250
29	$23,365,584	-$8,605,596 -$2,060,845	$12,699,143
30	$24,533,784	-$9,037,830 -$2,163,880	$13,332,074