New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Mon Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(8.82%)	$3,501,540
Net Lumpsum Payment	$21,549,130

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$115,492	$749,123
2	$1,374,948	-$469,061 -$121,270	$784,617
3	$1,443,678	-$494,491 -$127,332	$821,855
4	$1,515,888	-$521,209 -$133,701	$860,978
5	$1,591,665	-$549,246 -$140,385	$902,034
6	$1,671,270	-$578,700 -$147,406	$945,164
7	$1,754,790	-$609,603 -$154,772	$990,415
8	$1,842,573	-$642,082 -$162,515	$1,037,976
9	$1,934,706	-$676,172 -$170,641	$1,087,893
10	$2,031,450	-$711,967 -$179,174	$1,140,309
11	$2,132,979	-$749,533 -$188,129	$1,195,317
12	$2,239,641	-$788,998 -$197,536	$1,253,107
13	$2,351,610	-$830,426 -$207,412	$1,313,772
14	$2,469,234	-$873,947 -$217,786	$1,377,501
15	$2,592,687	-$919,625 -$228,675	$1,444,387
16	$2,722,317	-$967,588 -$240,108	$1,514,621
17	$2,858,385	-$1,017,933 -$252,110	$1,588,342
18	$3,001,326	-$1,070,821 -$264,717	$1,665,788
19	$3,151,401	-$1,126,349 -$277,954	$1,747,098
20	$3,308,958	-$1,184,645 -$291,850	$1,832,463
21	$3,474,432	-$1,245,870 -$306,445	$1,922,117
22	$3,648,171	-$1,310,154 -$321,769	$2,016,248
23	$3,830,523	-$1,377,624 -$337,852	$2,115,047
24	$4,022,097	-$1,448,506 -$354,749	$2,218,842
25	$4,223,154	-$1,522,897 -$372,482	$2,327,775
26	$4,434,390	-$1,601,055 -$391,113	$2,442,222
27	$4,656,066	-$1,683,075 -$410,665	$2,562,326
28	$4,888,878	-$1,769,215 -$431,199	$2,688,464
29	$5,133,348	-$1,859,669 -$452,761	$2,820,918
30	$5,389,998	-$1,954,630 -$475,398	$2,959,970