New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 Jun 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(8.82%)	$6,156,360
Net Lumpsum Payment	$37,857,310

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$205,762	$1,303,638
2	$2,449,620	-$866,690 -$216,056	$1,366,874
3	$2,572,070	-$911,996 -$226,857	$1,433,217
4	$2,700,720	-$959,597 -$238,204	$1,502,919
5	$2,835,725	-$1,009,549 -$250,111	$1,576,065
6	$2,977,550	-$1,062,024 -$262,620	$1,652,906
7	$3,126,350	-$1,117,080 -$275,744	$1,733,526
8	$3,282,745	-$1,174,946 -$289,538	$1,818,261
9	$3,446,890	-$1,235,680 -$304,016	$1,907,194
10	$3,619,250	-$1,299,453 -$319,218	$2,000,579
11	$3,800,135	-$1,366,380 -$335,172	$2,098,583
12	$3,990,165	-$1,436,691 -$351,933	$2,201,541
13	$4,189,650	-$1,510,501 -$369,527	$2,309,622
14	$4,399,210	-$1,588,038 -$388,010	$2,423,162
15	$4,619,155	-$1,669,418 -$407,409	$2,542,328
16	$4,850,105	-$1,754,869 -$427,779	$2,667,457
17	$5,092,525	-$1,844,565 -$449,161	$2,798,799
18	$5,347,190	-$1,938,791 -$471,622	$2,936,777
19	$5,614,565	-$2,037,719 -$495,205	$3,081,641
20	$5,895,270	-$2,141,580 -$519,963	$3,233,727
21	$6,190,080	-$2,250,660 -$545,965	$3,393,455
22	$6,499,615	-$2,365,188 -$573,266	$3,561,161
23	$6,824,495	-$2,485,394 -$601,920	$3,737,181
24	$7,165,805	-$2,611,678 -$632,024	$3,922,103
25	$7,524,010	-$2,744,214 -$663,618	$4,116,178
26	$7,900,350	-$2,883,460 -$696,811	$4,320,079
27	$8,295,290	-$3,029,588 -$731,645	$4,534,057
28	$8,710,070	-$3,183,056 -$768,228	$4,758,786
29	$9,145,620	-$3,344,210 -$806,644	$4,994,766
30	$9,602,870	-$3,513,392 -$846,973	$5,242,505