New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(8.82%)	$13,873,860
Net Lumpsum Payment	$85,264,810

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$444,712	$2,771,471
2	$5,294,340	-$1,919,236 -$466,961	$2,908,143
3	$5,558,990	-$2,017,157 -$490,303	$3,051,530
4	$5,837,040	-$2,120,035 -$514,827	$3,202,178
5	$6,128,825	-$2,227,996 -$540,562	$3,360,267
6	$6,435,350	-$2,341,410 -$567,598	$3,526,342
7	$6,756,950	-$2,460,402 -$595,963	$3,700,585
8	$7,094,965	-$2,585,467 -$625,776	$3,883,722
9	$7,449,730	-$2,716,730 -$657,066	$4,075,934
10	$7,822,250	-$2,854,563 -$689,922	$4,277,765
11	$8,213,195	-$2,999,213 -$724,404	$4,489,578
12	$8,623,905	-$3,151,175 -$760,628	$4,712,102
13	$9,055,050	-$3,310,699 -$798,655	$4,945,696
14	$9,507,970	-$3,478,279 -$838,603	$5,191,088
15	$9,983,335	-$3,654,164 -$880,530	$5,448,641
16	$10,482,485	-$3,838,850 -$924,555	$5,719,080
17	$11,006,425	-$4,032,708 -$970,767	$6,002,950
18	$11,556,830	-$4,236,357 -$1,019,312	$6,301,161
19	$12,134,705	-$4,450,171 -$1,070,281	$6,614,253
20	$12,741,390	-$4,674,645 -$1,123,791	$6,942,954
21	$13,378,560	-$4,910,398 -$1,179,989	$7,288,173
22	$14,047,555	-$5,157,926 -$1,238,994	$7,650,635
23	$14,749,715	-$5,417,725 -$1,300,925	$8,031,065
24	$15,487,385	-$5,690,663 -$1,365,987	$8,430,735
25	$16,261,570	-$5,977,111 -$1,434,270	$8,850,189
26	$17,074,950	-$6,278,062 -$1,506,011	$9,290,877
27	$17,928,530	-$6,593,886 -$1,581,296	$9,753,348
28	$18,824,990	-$6,925,577 -$1,660,364	$10,239,049
29	$19,766,340	-$7,273,876 -$1,743,391	$10,749,073
30	$20,754,590	-$7,639,529 -$1,830,555	$11,284,506