New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 15, 2026 is estimated to be $269 Million, with a cash option of 120.5 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 Jun 15, 2026

Draw Date	Jackpot	Cash Option
Mon Jun 15, 2026	$269,000,000	$120,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,500,000
Federal Tax(24%)	$28,920,000
Additional Federal Tax	$15,625,330
State Tax(8.82%)	$10,628,100
Net Lumpsum Payment	$65,326,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,048,719	-$1,458,356 -$357,097	$2,233,266
2	$4,251,276	-$1,533,303 -$374,963	$2,343,010
3	$4,463,786	-$1,611,931 -$393,706	$2,458,149
4	$4,687,056	-$1,694,541 -$413,398	$2,579,117
5	$4,921,355	-$1,781,232 -$434,064	$2,706,059
6	$5,167,490	-$1,872,302 -$455,773	$2,839,415
7	$5,425,730	-$1,967,850 -$478,549	$2,979,331
8	$5,697,151	-$2,068,276 -$502,489	$3,126,386
9	$5,982,022	-$2,173,679 -$527,614	$3,280,729
10	$6,281,150	-$2,284,356 -$553,997	$3,442,797
11	$6,595,073	-$2,400,507 -$581,685	$3,612,881
12	$6,924,867	-$2,522,531 -$610,773	$3,791,563
13	$7,271,070	-$2,650,626 -$641,308	$3,979,136
14	$7,634,758	-$2,785,191 -$673,386	$4,176,181
15	$8,016,469	-$2,926,424 -$707,053	$4,382,992
16	$8,417,279	-$3,074,724 -$742,404	$4,600,151
17	$8,837,995	-$3,230,389 -$779,511	$4,828,095
18	$9,279,962	-$3,393,916 -$818,493	$5,067,553
19	$9,743,987	-$3,565,606 -$859,420	$5,318,961
20	$10,231,146	-$3,745,854 -$902,387	$5,582,905
21	$10,742,784	-$3,935,160 -$947,514	$5,860,110
22	$11,279,977	-$4,133,922 -$994,894	$6,151,161
23	$11,843,801	-$4,342,537 -$1,044,623	$6,456,641
24	$12,436,139	-$4,561,702 -$1,096,867	$6,777,570
25	$13,057,798	-$4,791,716 -$1,151,698	$7,114,384
26	$13,710,930	-$5,033,374 -$1,209,304	$7,468,252
27	$14,396,342	-$5,286,977 -$1,269,757	$7,839,608
28	$15,116,186	-$5,553,319 -$1,333,248	$8,229,619
29	$15,872,076	-$5,832,999 -$1,399,917	$8,639,160
30	$16,665,626	-$6,126,612 -$1,469,908	$9,069,106