New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 22, 2025 is estimated to be $320 Million, with a cash option of 152.2 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 Wed Oct 22, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 22, 2025	$320,000,000	$152,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$152,200,000
Federal Tax(24%)	$36,528,000
Additional Federal Tax	$19,746,330
State Tax(8.82%)	$13,424,040
Net Lumpsum Payment	$82,501,630

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,816,320	-$1,742,369 -$424,799	$2,649,152
2	$5,057,280	-$1,831,524 -$446,052	$2,779,704
3	$5,310,080	-$1,925,060 -$468,349	$2,916,671
4	$5,575,680	-$2,023,332 -$491,775	$3,060,573
5	$5,854,400	-$2,126,458 -$516,358	$3,211,584
6	$6,147,200	-$2,234,794 -$542,183	$3,370,223
7	$6,454,400	-$2,348,458 -$569,278	$3,536,664
8	$6,777,280	-$2,467,924 -$597,756	$3,711,600
9	$7,116,160	-$2,593,310 -$627,645	$3,895,205
10	$7,472,000	-$2,724,970 -$659,030	$4,088,000
11	$7,845,440	-$2,863,143 -$691,968	$4,290,329
12	$8,237,760	-$3,008,302 -$726,570	$4,502,888
13	$8,649,600	-$3,160,682 -$762,895	$4,726,023
14	$9,082,240	-$3,320,759 -$801,054	$4,960,427
15	$9,536,320	-$3,488,769 -$841,103	$5,206,448
16	$10,013,120	-$3,665,185 -$883,157	$5,464,778
17	$10,513,600	-$3,850,362 -$927,300	$5,735,938
18	$11,039,360	-$4,044,894 -$973,672	$6,020,794
19	$11,591,360	-$4,249,134 -$1,022,358	$6,319,868
20	$12,170,880	-$4,463,556 -$1,073,472	$6,633,852
21	$12,779,520	-$4,688,753 -$1,127,154	$6,963,613
22	$13,418,560	-$4,925,198 -$1,183,517	$7,309,845
23	$14,089,280	-$5,173,364 -$1,242,674	$7,673,242
24	$14,793,920	-$5,434,081 -$1,304,824	$8,055,015
25	$15,533,440	-$5,707,703 -$1,370,049	$8,455,688
26	$16,310,400	-$5,995,178 -$1,438,577	$8,876,645
27	$17,125,760	-$6,296,862 -$1,510,492	$9,318,406
28	$17,982,080	-$6,613,700 -$1,586,019	$9,782,361
29	$18,881,280	-$6,946,404 -$1,665,329	$10,269,547
30	$19,825,280	-$7,295,684 -$1,748,590	$10,781,006