New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 7, 2026 is estimated to be $102 Million, with a cash option of 46.1 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 Feb 7, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 7, 2026	$102,000,000	$46,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$46,100,000
Federal Tax(24%)	$11,064,000
Additional Federal Tax	$5,953,330
State Tax(8.82%)	$4,066,020
Net Lumpsum Payment	$25,016,650

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,535,202	-$528,355 -$135,405	$871,442
2	$1,612,008	-$556,773 -$142,179	$913,056
3	$1,692,588	-$586,588 -$149,286	$956,714
4	$1,777,248	-$617,912 -$156,753	$1,002,583
5	$1,866,090	-$650,784 -$164,589	$1,050,717
6	$1,959,420	-$685,316 -$172,821	$1,101,283
7	$2,057,340	-$721,546 -$181,457	$1,154,337
8	$2,160,258	-$759,626 -$190,535	$1,210,097
9	$2,268,276	-$799,593 -$200,062	$1,268,621
10	$2,381,700	-$841,559 -$210,066	$1,330,075
11	$2,500,734	-$885,602 -$220,565	$1,394,567
12	$2,625,786	-$931,871 -$231,594	$1,462,321
13	$2,757,060	-$980,443 -$243,173	$1,533,444
14	$2,894,964	-$1,031,467 -$255,336	$1,608,161
15	$3,039,702	-$1,085,020 -$268,102	$1,686,580
16	$3,191,682	-$1,141,253 -$281,506	$1,768,923
17	$3,351,210	-$1,200,278 -$295,577	$1,855,355
18	$3,518,796	-$1,262,285 -$310,358	$1,946,153
19	$3,694,746	-$1,327,386 -$325,877	$2,041,483
20	$3,879,468	-$1,395,734 -$342,169	$2,141,565
21	$4,073,472	-$1,467,515 -$359,280	$2,246,677
22	$4,277,166	-$1,542,882 -$377,246	$2,357,038
23	$4,490,958	-$1,621,985 -$396,102	$2,472,871
24	$4,715,562	-$1,705,088 -$415,913	$2,594,561
25	$4,951,284	-$1,792,305 -$436,703	$2,722,276
26	$5,198,940	-$1,883,938 -$458,547	$2,856,455
27	$5,458,836	-$1,980,100 -$481,469	$2,997,267
28	$5,731,788	-$2,081,092 -$505,544	$3,145,152
29	$6,018,408	-$2,187,141 -$530,824	$3,300,443
30	$6,319,308	-$2,298,474 -$557,363	$3,463,471