New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Nov 19, 2025 is estimated to be $593 Million, with a cash option of 277.6 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 Nov 19, 2025

Draw Date	Jackpot	Cash Option
Wed Nov 19, 2025	$593,000,000	$277,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,600,000
Federal Tax(24%)	$66,624,000
Additional Federal Tax	$36,048,330
State Tax(8.82%)	$24,484,320
Net Lumpsum Payment	$150,443,350

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,925,243	-$3,262,670 -$787,206	$4,875,367
2	$9,371,772	-$3,427,886 -$826,590	$5,117,296
3	$9,840,242	-$3,601,220 -$867,909	$5,371,113
4	$10,332,432	-$3,783,330 -$911,321	$5,637,781
5	$10,848,935	-$3,974,436 -$956,876	$5,917,623
6	$11,391,530	-$4,175,196 -$1,004,733	$6,211,601
7	$11,960,810	-$4,385,830 -$1,054,943	$6,520,037
8	$12,559,147	-$4,607,215 -$1,107,717	$6,844,215
9	$13,187,134	-$4,839,570 -$1,163,105	$7,184,459
10	$13,846,550	-$5,083,554 -$1,221,266	$7,541,730
11	$14,538,581	-$5,339,605 -$1,282,303	$7,916,673
12	$15,265,599	-$5,608,602 -$1,346,426	$8,310,571
13	$16,028,790	-$5,890,983 -$1,413,739	$8,724,068
14	$16,830,526	-$6,187,625 -$1,484,452	$9,158,449
15	$17,671,993	-$6,498,968 -$1,558,670	$9,614,355
16	$18,555,563	-$6,825,889 -$1,636,601	$10,093,073
17	$19,483,015	-$7,169,046 -$1,718,402	$10,595,567
18	$20,457,314	-$7,529,537 -$1,804,335	$11,123,442
19	$21,480,239	-$7,908,019 -$1,894,557	$11,677,663
20	$22,554,162	-$8,305,370 -$1,989,277	$12,259,515
21	$23,682,048	-$8,722,688 -$2,088,757	$12,870,603
22	$24,866,269	-$9,160,850 -$2,193,205	$13,512,214
23	$26,109,197	-$9,620,733 -$2,302,831	$14,185,633
24	$27,414,983	-$10,103,874 -$2,418,002	$14,893,107
25	$28,785,406	-$10,610,931 -$2,538,873	$15,635,602
26	$30,225,210	-$11,143,658 -$2,665,864	$16,415,688
27	$31,736,174	-$11,702,715 -$2,799,131	$17,234,328
28	$33,323,042	-$12,289,856 -$2,939,092	$18,094,094
29	$34,989,372	-$12,906,398 -$3,086,063	$18,996,911
30	$36,738,722	-$13,553,658 -$3,240,355	$19,944,709