New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(8.82%)	$6,800,220
Net Lumpsum Payment	$41,812,450

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$223,020	$1,409,647
2	$2,655,072	-$942,707 -$234,177	$1,478,188
3	$2,787,792	-$991,813 -$245,883	$1,550,096
4	$2,927,232	-$1,043,406 -$258,182	$1,625,644
5	$3,073,560	-$1,097,548 -$271,088	$1,704,924
6	$3,227,280	-$1,154,424 -$284,646	$1,788,210
7	$3,388,560	-$1,214,098 -$298,871	$1,875,591
8	$3,558,072	-$1,276,817 -$313,822	$1,967,433
9	$3,735,984	-$1,342,644 -$329,514	$2,063,826
10	$3,922,800	-$1,411,766 -$345,991	$2,165,043
11	$4,118,856	-$1,484,307 -$363,283	$2,271,266
12	$4,324,824	-$1,560,515 -$381,449	$2,382,860
13	$4,541,040	-$1,640,515 -$400,520	$2,500,005
14	$4,768,176	-$1,724,556 -$420,553	$2,623,067
15	$5,006,568	-$1,812,761 -$441,579	$2,752,228
16	$5,256,888	-$1,905,379 -$463,658	$2,887,851
17	$5,519,640	-$2,002,597 -$486,832	$3,030,211
18	$5,795,664	-$2,104,726 -$511,178	$3,179,760
19	$6,085,464	-$2,211,952 -$536,738	$3,336,774
20	$6,389,712	-$2,324,524 -$563,573	$3,501,615
21	$6,709,248	-$2,442,752 -$591,756	$3,674,740
22	$7,044,744	-$2,566,886 -$621,346	$3,856,512
23	$7,396,872	-$2,697,173 -$652,404	$4,047,295
24	$7,766,808	-$2,834,049 -$685,032	$4,247,727
25	$8,155,056	-$2,977,701 -$719,276	$4,458,079
26	$8,562,960	-$3,128,626 -$755,253	$4,679,081
27	$8,991,024	-$3,287,009 -$793,008	$4,911,007
28	$9,440,592	-$3,453,349 -$832,660	$5,154,583
29	$9,912,672	-$3,628,019 -$874,298	$5,410,355
30	$10,408,272	-$3,811,391 -$918,010	$5,678,871