New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(8.82%)	$43,958,880
Net Lumpsum Payment	$270,072,790

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$1,460,248	$9,009,765
2	$17,384,400	-$6,392,558 -$1,533,304	$9,458,538
3	$18,253,400	-$6,714,088 -$1,609,950	$9,929,362
4	$19,166,400	-$7,051,898 -$1,690,476	$10,424,026
5	$20,124,500	-$7,406,395 -$1,774,981	$10,943,124
6	$21,131,000	-$7,778,800 -$1,863,754	$11,488,446
7	$22,187,000	-$8,169,520 -$1,956,893	$12,060,587
8	$23,296,900	-$8,580,183 -$2,054,787	$12,661,930
9	$24,461,800	-$9,011,196 -$2,157,531	$13,293,073
10	$25,685,000	-$9,463,780 -$2,265,417	$13,955,803
11	$26,968,700	-$9,938,749 -$2,378,639	$14,651,312
12	$28,317,300	-$10,437,731 -$2,497,586	$15,381,983
13	$29,733,000	-$10,961,540 -$2,622,451	$16,149,009
14	$31,220,200	-$11,511,804 -$2,753,622	$16,954,774
15	$32,781,100	-$12,089,337 -$2,891,293	$17,800,470
16	$34,420,100	-$12,695,767 -$3,035,853	$18,688,480
17	$36,140,500	-$13,332,315 -$3,187,592	$19,620,593
18	$37,947,800	-$14,001,016 -$3,346,996	$20,599,788
19	$39,845,300	-$14,703,091 -$3,514,355	$21,627,854
20	$41,837,400	-$15,440,168 -$3,690,059	$22,707,173
21	$43,929,600	-$16,214,282 -$3,874,591	$23,840,727
22	$46,126,300	-$17,027,061 -$4,068,340	$25,030,899
23	$48,431,900	-$17,880,133 -$4,271,694	$26,280,073
24	$50,854,100	-$18,776,347 -$4,485,332	$27,592,421
25	$53,396,200	-$19,716,924 -$4,709,545	$28,969,731
26	$56,067,000	-$20,705,120 -$4,945,109	$30,416,771
27	$58,869,800	-$21,742,156 -$5,192,316	$31,935,328
28	$61,813,400	-$22,831,288 -$5,451,942	$33,530,170
29	$64,904,400	-$23,974,958 -$5,724,568	$35,204,874
30	$68,149,400	-$25,175,608 -$6,010,777	$36,963,015