New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 28, 2026 is estimated to be $238 Million, with a cash option of 110.9 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 28, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 28, 2026	$238,000,000	$110,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$110,900,000
Federal Tax(24%)	$26,616,000
Additional Federal Tax	$14,377,330
State Tax(8.82%)	$9,781,380
Net Lumpsum Payment	$60,125,290

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,582,138	-$1,285,721 -$315,945	$1,980,472
2	$3,761,352	-$1,352,031 -$331,751	$2,077,570
3	$3,949,372	-$1,421,598 -$348,335	$2,179,439
4	$4,146,912	-$1,494,688 -$365,758	$2,286,466
5	$4,354,210	-$1,571,388 -$384,041	$2,398,781
6	$4,571,980	-$1,651,963 -$403,249	$2,516,768
7	$4,800,460	-$1,736,501 -$423,401	$2,640,558
8	$5,040,602	-$1,825,353 -$444,581	$2,770,668
9	$5,292,644	-$1,918,609 -$466,811	$2,907,224
10	$5,557,300	-$2,016,531 -$490,154	$3,050,615
11	$5,835,046	-$2,119,297 -$514,651	$3,201,098
12	$6,126,834	-$2,227,259 -$540,387	$3,359,188
13	$6,433,140	-$2,340,592 -$567,403	$3,525,145
14	$6,754,916	-$2,459,649 -$595,784	$3,699,483
15	$7,092,638	-$2,584,606 -$625,571	$3,882,461
16	$7,447,258	-$2,715,816 -$656,848	$4,074,594
17	$7,819,490	-$2,853,542 -$689,679	$4,276,269
18	$8,210,524	-$2,998,224 -$724,168	$4,488,132
19	$8,621,074	-$3,150,128 -$760,379	$4,710,567
20	$9,052,092	-$3,309,604 -$798,395	$4,944,093
21	$9,504,768	-$3,477,095 -$838,321	$5,189,352
22	$9,980,054	-$3,652,950 -$880,241	$5,446,863
23	$10,478,902	-$3,837,524 -$924,239	$5,717,139
24	$11,002,978	-$4,031,432 -$970,463	$6,001,083
25	$11,552,996	-$4,234,939 -$1,018,974	$6,299,083
26	$12,130,860	-$4,448,749 -$1,069,942	$6,612,169
27	$12,737,284	-$4,673,125 -$1,123,428	$6,940,731
28	$13,374,172	-$4,908,774 -$1,179,602	$7,285,796
29	$14,042,952	-$5,156,223 -$1,238,588	$7,648,141
30	$14,745,052	-$5,416,000 -$1,300,514	$8,028,538