New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 Aug 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(8.82%)	$3,069,360
Net Lumpsum Payment	$18,894,310

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$107,527	$700,195
2	$1,280,124	-$433,976 -$112,907	$733,241
3	$1,344,114	-$457,653 -$118,551	$767,910
4	$1,411,344	-$482,528 -$124,481	$804,335
5	$1,481,895	-$508,632 -$130,703	$842,560
6	$1,556,010	-$536,054 -$137,240	$882,716
7	$1,633,770	-$564,825 -$144,099	$924,846
8	$1,715,499	-$595,065 -$151,307	$969,127
9	$1,801,278	-$626,803 -$158,873	$1,015,602
10	$1,891,350	-$660,130 -$166,817	$1,064,403
11	$1,985,877	-$695,105 -$175,154	$1,115,618
12	$2,085,183	-$731,848 -$183,913	$1,169,422
13	$2,189,430	-$770,419 -$193,108	$1,225,903
14	$2,298,942	-$810,939 -$202,767	$1,285,236
15	$2,413,881	-$853,466 -$212,904	$1,347,511
16	$2,534,571	-$898,122 -$223,549	$1,412,900
17	$2,661,255	-$944,995 -$234,723	$1,481,537
18	$2,794,338	-$994,235 -$246,461	$1,553,642
19	$2,934,063	-$1,045,934 -$258,784	$1,629,345
20	$3,080,754	-$1,100,209 -$271,723	$1,708,822
21	$3,234,816	-$1,157,212 -$285,311	$1,792,293
22	$3,396,573	-$1,217,062 -$299,578	$1,879,933
23	$3,566,349	-$1,279,880 -$314,552	$1,971,917
24	$3,744,711	-$1,345,873 -$330,284	$2,068,554
25	$3,931,902	-$1,415,134 -$346,794	$2,169,974
26	$4,128,570	-$1,487,901 -$364,140	$2,276,529
27	$4,334,958	-$1,564,265 -$382,343	$2,388,350
28	$4,551,714	-$1,644,465 -$401,461	$2,505,788
29	$4,779,324	-$1,728,680 -$421,536	$2,629,108
30	$5,018,274	-$1,817,092 -$442,612	$2,758,570