New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 25, 2026 is estimated to be $141 Million, with a cash option of 62 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 Mon May 25, 2026

Draw Date	Jackpot	Cash Option
Mon May 25, 2026	$141,000,000	$62,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,000,000
Federal Tax(24%)	$14,880,000
Additional Federal Tax	$8,020,330
State Tax(8.82%)	$5,468,400
Net Lumpsum Payment	$33,631,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,122,191	-$745,541 -$187,177	$1,189,473
2	$2,228,364	-$784,825 -$196,542	$1,246,997
3	$2,339,754	-$826,039 -$206,366	$1,307,349
4	$2,456,784	-$869,340 -$216,688	$1,370,756
5	$2,579,595	-$914,781 -$227,520	$1,437,294
6	$2,708,610	-$962,516 -$238,899	$1,507,195
7	$2,843,970	-$1,012,599 -$250,838	$1,580,533
8	$2,986,239	-$1,065,239 -$263,386	$1,657,614
9	$3,135,558	-$1,120,487 -$276,556	$1,738,515
10	$3,292,350	-$1,178,500 -$290,385	$1,823,465
11	$3,456,897	-$1,239,382 -$304,898	$1,912,617
12	$3,629,763	-$1,303,343 -$320,145	$2,006,275
13	$3,811,230	-$1,370,485 -$336,150	$2,104,595
14	$4,001,862	-$1,441,019 -$352,964	$2,207,879
15	$4,201,941	-$1,515,049 -$370,611	$2,316,281
16	$4,412,031	-$1,592,782 -$389,141	$2,430,108
17	$4,632,555	-$1,674,376 -$408,591	$2,549,588
18	$4,864,218	-$1,760,091 -$429,024	$2,675,103
19	$5,107,443	-$1,850,084 -$450,476	$2,806,883
20	$5,362,794	-$1,944,564 -$472,998	$2,945,232
21	$5,630,976	-$2,043,792 -$496,652	$3,090,532
22	$5,912,553	-$2,147,975 -$521,487	$3,243,091
23	$6,208,089	-$2,257,323 -$547,553	$3,403,213
24	$6,518,571	-$2,372,202 -$574,938	$3,571,431
25	$6,844,422	-$2,492,767 -$603,678	$3,747,977
26	$7,186,770	-$2,619,435 -$633,873	$3,933,462
27	$7,546,038	-$2,752,364 -$665,561	$4,128,113
28	$7,923,354	-$2,891,971 -$698,840	$4,332,543
29	$8,319,564	-$3,038,569 -$733,786	$4,547,209
30	$8,735,514	-$3,192,471 -$770,472	$4,772,571