New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 29, 2025 is estimated to be $160 Million, with a cash option of 74.2 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 Mon Sep 29, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 29, 2025	$160,000,000	$74,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$74,200,000
Federal Tax(24%)	$17,808,000
Additional Federal Tax	$9,606,330
State Tax(8.82%)	$6,544,440
Net Lumpsum Payment	$40,241,230

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,408,160	-$851,350 -$212,400	$1,344,410
2	$2,528,640	-$895,927 -$223,026	$1,409,687
3	$2,655,040	-$942,695 -$234,175	$1,478,170
4	$2,787,840	-$991,831 -$245,887	$1,550,122
5	$2,927,200	-$1,043,394 -$258,179	$1,625,627
6	$3,073,600	-$1,097,562 -$271,092	$1,704,946
7	$3,227,200	-$1,154,394 -$284,639	$1,788,167
8	$3,388,640	-$1,214,127 -$298,878	$1,875,635
9	$3,558,080	-$1,276,820 -$313,823	$1,967,437
10	$3,736,000	-$1,342,650 -$329,515	$2,063,835
11	$3,922,720	-$1,411,737 -$345,984	$2,164,999
12	$4,118,880	-$1,484,316 -$363,285	$2,271,279
13	$4,324,800	-$1,560,506 -$381,447	$2,382,847
14	$4,541,120	-$1,640,545 -$400,527	$2,500,048
15	$4,768,160	-$1,724,550 -$420,552	$2,623,058
16	$5,006,560	-$1,812,758 -$441,579	$2,752,223
17	$5,256,800	-$1,905,346 -$463,650	$2,887,804
18	$5,519,680	-$2,002,612 -$486,836	$3,030,232
19	$5,795,680	-$2,104,732 -$511,179	$3,179,769
20	$6,085,440	-$2,211,943 -$536,736	$3,336,761
21	$6,389,760	-$2,324,542 -$563,577	$3,501,641
22	$6,709,280	-$2,442,764 -$591,758	$3,674,758
23	$7,044,640	-$2,566,847 -$621,337	$3,856,456
24	$7,396,960	-$2,697,206 -$652,412	$4,047,342
25	$7,766,720	-$2,834,017 -$685,025	$4,247,678
26	$8,155,200	-$2,977,754 -$719,289	$4,458,157
27	$8,562,880	-$3,128,596 -$755,246	$4,679,038
28	$8,991,040	-$3,287,015 -$793,010	$4,911,015
29	$9,440,640	-$3,453,367 -$832,664	$5,154,609
30	$9,912,640	-$3,628,007 -$874,295	$5,410,338