New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 7, 2025 is estimated to be $44 Million, with a cash option of 19.7 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 7, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 7, 2025	$44,000,000	$19,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,700,000
Federal Tax(24%)	$4,728,000
Additional Federal Tax	$2,521,330
State Tax(8.82%)	$1,737,540
Net Lumpsum Payment	$10,713,130

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$662,244	-$205,361 -$58,410	$398,473
2	$695,376	-$217,620 -$61,332	$416,424
3	$730,136	-$230,481 -$64,398	$435,257
4	$766,656	-$243,993 -$67,619	$455,044
5	$804,980	-$258,173 -$70,999	$475,808
6	$845,240	-$273,069 -$74,550	$497,621
7	$887,480	-$288,698 -$78,276	$520,506
8	$931,876	-$305,125 -$82,191	$544,560
9	$978,472	-$322,365 -$86,301	$569,806
10	$1,027,400	-$340,468 -$90,617	$596,315
11	$1,078,748	-$359,467 -$95,146	$624,135
12	$1,132,692	-$379,426 -$99,903	$653,363
13	$1,189,320	-$400,379 -$104,898	$684,043
14	$1,248,808	-$422,389 -$110,145	$716,274
15	$1,311,244	-$445,491 -$115,652	$750,101
16	$1,376,804	-$469,748 -$121,434	$785,622
17	$1,445,620	-$495,210 -$127,504	$822,906
18	$1,517,912	-$521,958 -$133,880	$862,074
19	$1,593,812	-$550,041 -$140,574	$903,197
20	$1,673,496	-$579,524 -$147,602	$946,370
21	$1,757,184	-$610,488 -$154,984	$991,712
22	$1,845,052	-$643,000 -$162,734	$1,039,318
23	$1,937,276	-$677,123 -$170,868	$1,089,285
24	$2,034,164	-$712,971 -$179,413	$1,141,780
25	$2,135,848	-$750,594 -$188,382	$1,196,872
26	$2,242,680	-$790,122 -$197,804	$1,254,754
27	$2,354,792	-$831,603 -$207,693	$1,315,496
28	$2,472,536	-$875,169 -$218,078	$1,379,289
29	$2,596,176	-$920,916 -$228,983	$1,446,277
30	$2,725,976	-$968,942 -$240,431	$1,516,603