New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 3, 2025 is estimated to be $1.30 Billion, with a cash option of 589 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 Sep 3, 2025

Draw Date	Jackpot	Cash Option
Wed Sep 3, 2025	$1,300,000,000	$589,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$589,000,000
Federal Tax(24%)	$141,360,000
Additional Federal Tax	$76,530,330
State Tax(8.82%)	$51,949,800
Net Lumpsum Payment	$319,159,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$19,566,300	-$7,199,861 -$1,725,748	$10,640,691
2	$20,545,200	-$7,562,054 -$1,812,087	$11,171,059
3	$21,572,200	-$7,942,044 -$1,902,668	$11,727,488
4	$22,651,200	-$8,341,274 -$1,997,836	$12,312,090
5	$23,783,500	-$8,760,225 -$2,097,705	$12,925,570
6	$24,973,000	-$9,200,340 -$2,202,619	$13,570,041
7	$26,221,000	-$9,662,100 -$2,312,692	$14,246,208
8	$27,532,700	-$10,147,429 -$2,428,384	$14,956,887
9	$28,909,400	-$10,656,808 -$2,549,809	$15,702,783
10	$30,355,000	-$11,191,680 -$2,677,311	$16,486,009
11	$31,872,100	-$11,753,007 -$2,811,119	$17,307,974
12	$33,465,900	-$12,342,713 -$2,951,692	$18,171,495
13	$35,139,000	-$12,961,760 -$3,099,260	$19,077,980
14	$36,896,600	-$13,612,072 -$3,254,280	$20,030,248
15	$38,741,300	-$14,294,611 -$3,416,983	$21,029,706
16	$40,678,300	-$15,011,301 -$3,587,826	$22,079,173
17	$42,711,500	-$15,763,585 -$3,767,154	$23,180,761
18	$44,847,400	-$16,553,868 -$3,955,541	$24,337,991
19	$47,089,900	-$17,383,593 -$4,153,329	$25,552,978
20	$49,444,200	-$18,254,684 -$4,360,978	$26,828,538
21	$51,916,800	-$19,169,546 -$4,579,062	$28,168,192
22	$54,512,900	-$20,130,103 -$4,808,038	$29,574,759
23	$57,237,700	-$21,138,279 -$5,048,365	$31,051,056
24	$60,100,300	-$22,197,441 -$5,300,846	$32,602,013
25	$63,104,600	-$23,309,032 -$5,565,826	$34,229,742
26	$66,261,000	-$24,476,900 -$5,844,220	$35,939,880
27	$69,573,400	-$25,702,488 -$6,136,374	$37,734,538
28	$73,052,200	-$26,989,644 -$6,443,204	$39,619,352
29	$76,705,200	-$28,341,254 -$6,765,399	$41,598,547
30	$80,540,200	-$29,760,204 -$7,103,646	$43,676,350