New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(8.82%)	$25,039,980
Net Lumpsum Payment	$153,856,690

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$894,734	$5,535,891
2	$10,651,896	-$3,901,532 -$939,497	$5,810,867
3	$11,184,356	-$4,098,542 -$986,460	$6,099,354
4	$11,743,776	-$4,305,528 -$1,035,801	$6,402,447
5	$12,330,830	-$4,522,737 -$1,087,579	$6,720,514
6	$12,947,540	-$4,750,920 -$1,141,973	$7,054,647
7	$13,594,580	-$4,990,325 -$1,199,042	$7,405,213
8	$14,274,646	-$5,241,949 -$1,259,024	$7,773,673
9	$14,988,412	-$5,506,043 -$1,321,978	$8,160,391
10	$15,737,900	-$5,783,353 -$1,388,083	$8,566,464
11	$16,524,458	-$6,074,380 -$1,457,457	$8,992,621
12	$17,350,782	-$6,380,120 -$1,530,339	$9,440,323
13	$18,218,220	-$6,701,072 -$1,606,847	$9,910,301
14	$19,129,468	-$7,038,234 -$1,687,219	$10,404,015
15	$20,085,874	-$7,392,104 -$1,771,574	$10,922,196
16	$21,090,134	-$7,763,680 -$1,860,150	$11,466,304
17	$22,144,270	-$8,153,710 -$1,953,125	$12,037,435
18	$23,251,652	-$8,563,442 -$2,050,796	$12,637,414
19	$24,414,302	-$8,993,622 -$2,153,341	$13,267,339
20	$25,634,916	-$9,445,249 -$2,261,000	$13,928,667
21	$26,916,864	-$9,919,570 -$2,374,067	$14,623,227
22	$28,262,842	-$10,417,582 -$2,492,783	$15,352,477
23	$29,675,546	-$10,940,282 -$2,617,383	$16,117,881
24	$31,159,694	-$11,489,417 -$2,748,285	$16,921,992
25	$32,717,308	-$12,065,734 -$2,885,667	$17,765,907
26	$34,353,780	-$12,671,229 -$3,030,003	$18,652,548
27	$36,071,132	-$13,306,649 -$3,181,474	$19,583,009
28	$37,874,756	-$13,973,990 -$3,340,553	$20,560,213
29	$39,768,696	-$14,674,748 -$3,507,599	$21,586,349
30	$41,756,996	-$15,410,419 -$3,682,967	$22,663,610